I think you should start taking some courses in economics and read the Economist so you can understand how the world economy works. It is not the simplistic trivia that you keep coming out with. China and all other countries will keep buying our debt as long as they perceive that we have a very strong economy. No matter how you slice and dice your ideas, the U.S. economy is still the most powerful in the world.
I fail to see how you can say that our economy is in trouble. Again read the Economist for solid analysis of the U.S. economy. You are reading local newspaper and the pundits of Wall Street. These people have to get attention to sell their products so the best way to do it is to spread doom and gloom. The American People are suckers for this kind of titillation. The Smart People who get rich ignore this crap. You should ignore it too; you will be much happier. I studied economists in college as well as getting my B.S.Ch.E. and followed that with an MBA from Columbia University. So I have a slight understanding of the general theory of economics but find that the real world is extremely complex. There are so many interactions that no one can state categorically what the effect of any action will have. For example you keep saying China will stop buying our debt or they will own everything. I say it is not going to happen. Just this morning Mattel is announcing another toy recall. Also a bridge collapsed in China killing 35 people. All these things tell me that China has problems just like us. They are not all-powerful nor all-knowing. Why speculate that our credit will get worse? That is a straw man argument. It is not getting worse. It goes up and down in the normal business cycle. Just this morning the news says our trade deficit with China is 2 Billion less than expected. This tells me the world economy is adjusting to stresses and strains just like it should. ----- Original Message ----- From: "Ricardo Aráoz" <[EMAIL PROTECTED]> To: "ProFox Email List" <[email protected]> Sent: Tuesday, August 14, 2007 5:36 AM Subject: Re: [OT] Mexican migrant workers in Canada > Nicholas Geti wrote: >> Where do you get this stuff? Why in the world would China want to own >> everything? Economics is a two-way street. I remember a few years ago >> everyone was panicked that Japan was buying up everything is sight in the >> U.S. Property in New York City was out of sight. All of a sudden there >> was a >> big reversal. Japanese companies had to sell their properties at fire >> sale >> prices because the world economy shrank and Japan went into a recession. >> >> China has enormous problems with their economy right now. Tremendous >> poverty >> and wealth is not distributed fairly. Why would you assume that they will >> continue straight up like they have been going? Everything goes in >> cycles. >> They will falter in the next few years just like we do periodically. >> > > Let's say you're right. The who's going to keep buying your debt? How > will you keep the current indebtment policy? You are already in economic > trouble, imagine what will happen if your international credit gets worse. > > >> ----- Original Message ----- >> From: "Kristyne McDaniel" <[EMAIL PROTECTED]> >> To: "'ProFox Email List'" <[email protected]> >> Sent: Monday, August 13, 2007 6:21 PM >> Subject: RE: [OT] Mexican migrant workers in Canada >> >> >>> The next 'war' could be an economic war. If we keep going down the same >>> path, China will be able to just move in because they'll own everything. >>> >>> Kristyne McDaniel >>> http://www.tenajahome.com >>> >> > > [excessive quoting removed by server] _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[EMAIL PROTECTED] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
