08-08-2007, 03:34 AM | #1 |
Demiurge
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I'd like to thank President Bush and Congress
for the terrific deficit they have been building up, leaving us at the mercy of a totalitarian communist state.
Thank you. http://www.telegraph.co.uk/money/mai...nchina107a.xml |
08-08-2007, 04:01 AM | #2 | |
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08-08-2007, 04:04 AM | #3 |
AKA SeattleNewt
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08-08-2007, 02:28 PM | #4 |
Demiurge
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This article takes a positive approach to China's power in the currency markets:
http://www.theglobeandmail.com/servl...Story/Business |
08-08-2007, 03:03 PM | #5 | |
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08-08-2007, 06:03 PM | #6 | |
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08-08-2007, 06:18 PM | #7 |
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Collapsing the dollar would make American products cheaper to international consumers and help our exports. But wouldn't divestment of all the bonds that China holds (and that they keep snapping up every month) would make it much more expensive to borrow to finance the deficits that we run, and more expensive to service the debt we already owe?
In turn, wouldn't this make the already struggling credit markets less liquid and make credit more difficult for the average consumer to get? And would this not also negatively impact consumer spending which accounts for 2/3 of the economy? I am just trying to logically tease this out but I only know what I read and have not had any economic training. So these are serious questions for anyone with a more extensive background. |
08-08-2007, 07:43 PM | #8 | |
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