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Mac Slavo
It’s the 2012 Annual Running of the Sheep in America, and this year has shaped up to be much like those of Black Friday’s past – long lines, stampedes, fights, pepper sprayings, shootings, arrests and total madness. Watch as Americans the country over fight for cheap, off-brand, worthless products that’ll be broken by this time next year. “I will stab one of you motherf**kers!” Cop: “I got the Walmart Shift” Via LiveLeak: [...] And because China only agreed to limited openness for the financial services industry when joining the WTO, that provided a certain level of protection for the industry, analysts said. “The government was being cautious with the financial sector,” said Zhang Junsheng, a researcher with the Institute of International Economy, University of International Business and Economics. “It took into consideration how much the industry could bear.”http://news.xinhuanet.com/english/indepth/2011-12/09/c_131298168.htm
Meanwhile they bought up all of these [...] by Dee Woo The Making of China’s epic hard landing 1. The unsavory episodes of China’s economy For the better part of the past year, my concern about Chinese economy was constantly aggravated by the depressing stories of entrepreneurs who committed suicide, fleeted the country or emigrate to the western world in droves. Much of the media has blamed the credit crunch and monetary tightening for all these unsavory episodes. The public outcry for the deteriorating conditions [...] Today on Yahoo! Finance’s “The Daily Ticker,” Wall Street analyst Aaron Task sat down with real estate mogul and TV personality Donald Trump to discuss his thoughts on how to fix the economy. Never shy to share, Trump’s plan rests on three main ideas:
1. Get Tough on China: Trump says the U.S. should impose at least a 25% tariff on Chinese goods in response to what he calls their currency manipulation [...] From FT: The defining geopolitical drama of the next century will be the battle for power and influence between China and America. That emerging struggle is already posing awkward choices for Asian countries, caught between the two global giants. On Monday the US Senate was expected to pass a bill allowing for the imposition of tariffs on Chinese goods. Even if the protectionist drive in America now [...] By Galina Hale and Bart Hobijn, Frbsf.org The U.S. Content of “Made in China” Goods and services from China accounted for only 2.7% of U.S. personal consumption expenditures in 2010, of which less than half reflected the actual costs of Chinese imports. The rest went to U.S. businesses and workers transporting, selling, and marketing goods carrying the “Made in China” label. Although the fraction is higher when [...] If America’s good days are over, so are China’s “Be careful with what you wish,” goes an old saying. “Because when it comes true, it may not be good for you.” Everyone who follows closely US-Chinese economic relations cannot help but be puzzled by China’s bold statement, after the S&P downgrade of US debt, that “America’s good day’s over.“ While China, as America’s largest foreign investor in US Treasuries, has [...] by Philip Taylor #1 2001 US ranked #1 in Avg Wealth/Adult. 2010, US #7. #2 US was #1 in young adults with some College/Training. Today, US #12. #3 2008 US #4 in “prosperity index.” After Largest Heist in Human History US dropped to #9 – taken by Richest 400! #4 2001, US #4 per capita broadband use. Today US #15. #5 India’s ECONOMY larger than US by 2050. #6 Economist: [...] #1 2001 US ranked #1 in Avg Wealth/Adult. 2010, US #7. #2 US was #1 in young adults with some College/Training. Today, US #12. #3 2008 US #4 in “prosperity index.” After Largest Heist in Human History US dropped to #9 – taken by Richest 400! #4 2001, US #4 per capita broadband use. Today US #15. #5 India’s ECONOMY larger than US by 2050. #6 Economist: Chinese economy [...] by es2 4/20: Trying to pull together http://www.economist.com/node/18586448 The era of super-cheap Made-in-China goods may be over, as rising costs push the country’s export prices to new highs. Prices in February soared 11 percent from a year ago, surpassing the peak during the boom days before the global financial crisis, latest data showed. Chinese goods are expected to get even more expensive this year, with some companies reportedly forecasting at least a 10 percent hike.All [...] http://money.cnn.com/2011/04/17/news/economy/trump_china_trade_war/index.htm “NEW YORK (CNNMoney) — Donald Trump’s call for a 25% tariff on Chinese goods is winning him a lot of attention as he weighs a presidential run in 2012. But Trump seems to be overlooking the consequences that his economic policy would likely trigger — a destructive trade war and higher prices, according to some experts…” Donald Trump’s call for a 25% tariff on Chinese goods is winning him a lot of attention as he weighs a presidential run in 2012. But Trump seems to be overlooking the consequences that his economic policy would likely trigger: a destructive trade war and higher prices, according to some experts. “In a trade war, everybody loses. Some may lose more than others, but everybody loses,” said Nicholas [...] The opium wars do not belong to the glorious episodes of Western history. Rather, they were instances of shameful behavior the West still has not lived down. Mercantilist governments resented the perpetual drain of silver from West to East in payment for Oriental goods (tea, silk, porcelain) that were in high demand in the Occident, facing low demand in the Orient for Occidental goods. From [...] by SJChristie We live in a global economy. We aren’t the only ones buying and consuming. We have to compete for those raw materials on the international market. As the Fed floods more dollars into the global market they become cheaper in terms of other currencies. I can exchange an ounce of gold now for more dollars than I could a year ago, not that I would want to. The US Dollar [...] Gregory White and Gus Lubin | Sep. 25, 2010, 6:00 AM The relentless pressure on both countries to expand their exports is threatening to create a trade war between the US and China. Congressmen, feeling the populist pressure from voters back home, have approved a new bill that would place import duties on Chinese goods, if they don’t revalue the yuan. The bill has yet to be passed by the House or [...] Youri Carma: I think that China and the U.S. are chained /doomed to each other. China just started buying $3 billion of U.S. treasuries again in July http://www.forexyard.com/en/news/Foreigners-resume-asset-buying-in-July-2010-09-16T135503Z-UPDATE-1-US So what is the U.S. gonna do forbid China to buy treasuries? Don’t think so cause there is nobody to replace them except maybe for the London Proxy but this would than get even [...] “Bernanke Says US Fiscal Outlook ‘Somewhat Dark’†“March 25 (Bloomberg)  Federal Reserve Chairman Ben S. Bernanke told lawmakers today that the US government’s budget outlook is “somewhat dark†and Congress needs to agree on a plan to reduce the deficit.†1) China, U.S. Are on ‘Collision Course,’ Roubini Says “March 25 (Bloomberg) — The U.S. and China are on a “collision course†over the value of [...] They are saying there’s a possibility of the world, outside China, going into a double dip recession. Combine this with the general news about optimism and stock valuations and you see the wealth transfer effect going on (bankers selling retail investors their stock holdings). http://www.abc.net.au/news/stories/2010/03/14/2845352.htm China’s premier Wen Jiabao says the world could still fall into a double-dip recession and is warning against complacency. At his annual press conference, China’s number two leader has [...] |
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