[docthehun]

For everyone who's expressed concern, it appears our "owners" have hit rough seas as well.

http://news.yahoo.com/dreaded-china-...114500101.html

[bethere]

Originally Posted by docthehun

For everyone who's expressed concern, it appears our "owners" have hit rough seas as well.

http://news.yahoo.com/dreaded-china-...114500101.html

this is why they bought so many bonds. we are their number one market for most of their product lines. they couldn't afford to see us go down. as for their problem, it won't be deflation, it will be inflation.

and that is exactly what america needs, every day spent with the over night exchange rate parked where it is is a day we will have to struggle. get that bad boy up to a minimum of 6% and all will be cool. besides this will make our products pricing better positioned in relation to THEIR market. this is something we truly need.

look at macro economics as an equilibrium. left to its own devices it will correct itself over time, and here is proof of that.

and a further note. the american economy contracted 17% in bush's last five quarters. that DOES NOT CALL FOR MEASURES DESIGNED TO CURB INFLATION. IT CALLS FOR MEASURES DESIGNED TO CURB DEFLATION.

PANDERING TO UNEDUCATED PEOPLE WHO DON'T KNOW THE DIFFERENCE MAY BE GOOD POLITICS BUT IT IS DISASTROUS FOR THE AMERICAN AND WORLD ECONOMIES.