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Old 11-11-2009, 03:13 PM   #1
Sean
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Originally Posted by askmrjesus View Post
Supply side economics didn't work well here, so I doubt they'll work any better for China.

You can't produce your way out of a deficit, if no one's buying.

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They've got a great cycle going. They produce worthless shit, then lend us the money to buy it, thus keeping themselves in business. It's a giant reach around to get a whopping 3-4% treasury yield.
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Old 11-11-2009, 03:52 PM   #2
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They've got a great cycle going. They produce worthless shit, then lend us the money to buy it, thus keeping themselves in business. It's a giant reach around to get a whopping 3-4% treasury yield.
Then quit shopping at wally world and we won't have that problem anymore.
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Old 11-11-2009, 03:56 PM   #3
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Then quit shopping at wally world and we won't have that problem anymore.
Doesn't matter where you shop........Name any electronic device that isn't made in China these days.
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Old 11-11-2009, 04:04 PM   #4
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Doesn't matter where you shop........Name any electronic device that isn't made in China these days.
Sony is still Japan, is it not?
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Old 11-11-2009, 09:37 PM   #5
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They've got a great cycle going. They produce worthless shit, then lend us the money to buy it, thus keeping themselves in business. It's a giant reach around to get a whopping 3-4% treasury yield.
The stuff used to be worthless, but everything today has some Chinese made influence.
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