So if we should choose to ignore the humanitarian issues, and just approach it from a financial sense, how does sourcing Chinese modules improve our balance of payments?
Date: Mon, 8 Jun 2009 11:13:15 -0700 (PDT) From: Keith Cronin <[email protected]> Subject: Re: [RE-wrenches] Chinese solar cells and modules and pricing To: RE-wrenches <[email protected]> Message-ID: <[email protected]> Content-Type: text/plain; charset="utf-8" Joel Chinese quality will improve for sure and trust is something we ought to get used to. The Chinese own more US Treasuries than anyone breathing on this globe, so we are married at the wallet. If our government can have this type of relationship, it is only going to "grow" as time moves forward. I want to more call it a shotgun wedding of sorts- we both need each other and our parents (government) have decided it is going to be forever. Not to digress down an economics discussion, but their sovereign fund is deeply embedded in our dollars, even though the yuan has gained more in value over the last 4-5 years, hurting their investment in "US". Our foreign deficit to them will continue, as our national debt was 41% of the economy last year.....now this is unsustainable.......we are over leveraged as a society as a whole......... I wonder who the dictators are anymore? _______________________________________________ List sponsored by Home Power magazine List Address: [email protected] Options & settings: http://lists.re-wrenches.org/options.cgi/re-wrenches-re-wrenches.org List-Archive: http://lists.re-wrenches.org/pipermail/re-wrenches-re-wrenches.org List rules & etiquette: www.re-wrenches.org/etiquette.htm Check out participant bios: www.members.re-wrenches.org
