Oh, corporations bear a huge responsibility, for sure, but that's
second line of thought. At issue is the theory that if the rupee and
yuan were floated on the currency markets and their exchange rates
allowed to reflect market demand, we wouldn't be sending jobs there,
they would be sending jobs
On Mon, Apr 12, 2010 at 8:13 PM, Robert Munn wrote:
>
> My opinion - until the Chinese government allows the yuan to float, screw
> them.
>
>
> http://amfix.blogs.cnn.com/2010/04/12/assessing-chinas-impact-on-america/?hpt=C1
>
>
Didn't the same thing happen when we started sending tech jobs to
Hmm, I don't know. I would expect two things to happen that would add
significantly to the US economy:
1. Chinese firms would open/expand US operations as the relative costs
of doing business in the US dropped.
2. American firms would sell more goods overseas, especially within
China itself among
yes but even more dollars would be drained out of our economy.
On Mon, Apr 12, 2010 at 8:27 PM, Medic wrote:
>
> Wouldn't that be bad though. Isn't China one of America's biggest creditors?
>
>
> On Mon, Apr 12, 2010 at 8:13 PM, Robert Munn wrote:
>
>>
>> My opinion - until the Chinese governme
Sure, but all that debt is denominated in dollars, of which we control
the supply. If they float the yuan, the US would immediately become
competitive in global manufacturing again. The trade deficit would be
erased, possibly even reversed, and we would take back all those
dollars that we lost thr
Wouldn't that be bad though. Isn't China one of America's biggest creditors?
On Mon, Apr 12, 2010 at 8:13 PM, Robert Munn wrote:
>
> My opinion - until the Chinese government allows the yuan to float, screw
> them.
>
>
> http://amfix.blogs.cnn.com/2010/04/12/assessing-chinas-impact-on-america/
then watch what happens, the Chinese banks will demand all payments in Yuans.
On Mon, Apr 12, 2010 at 8:13 PM, Robert Munn wrote:
>
> My opinion - until the Chinese government allows the yuan to float, screw
> them.
>
> http://amfix.blogs.cnn.com/2010/04/12/assessing-chinas-impact-on-america/?h
My opinion - until the Chinese government allows the yuan to float, screw them.
http://amfix.blogs.cnn.com/2010/04/12/assessing-chinas-impact-on-america/?hpt=C1
~|
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