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Old 04-23-2011, 01:52 AM
 
Location: Virginia Beach
515 posts, read 369,134 times
Reputation: 139

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Quote:
Originally Posted by Marv101 View Post
With rampant inflation and skyrocketing gasoline prices that are hitting their citizens substantially harderthan they're hitting the typical US citizen, that's not likely to happen.
Yes.Inflation is terrible in China.Housing in Beijing, Shanghai...is totally unaffordable for so many Chinese citizens.
And overinvestment too, think about Ghost Towns...The Chinese impressive growth will come to an end this decade, slowly but surely.And it's normal, all economies reach this point at a moment, it's already happening in Russia :
Russian annual growth 2000-2005 : 7%
Russian annual growth expected for 2010-2015 : 4%
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Old 04-23-2011, 02:00 AM
 
Location: Eastern Missouri
3,046 posts, read 6,295,749 times
Reputation: 1394
I personally hope china implodes. Here is why; all the companies that screwed the US Worker and ran over there investing millions of dollars need to lose it all for their act of treason. Hey, it's a trade war, so the term fits. Let everyone who invested in china go broke. They should have invested their money here at home.
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Old 04-23-2011, 02:20 AM
 
Location: Virginia Beach
515 posts, read 369,134 times
Reputation: 139
Quote:
Originally Posted by 12GO View Post
I personally hope china implodes. Here is why; all the companies that screwed the US Worker and ran over there investing millions of dollars need to lose it all for their act of treason. Hey, it's a trade war, so the term fits. Let everyone who invested in china go broke. They should have invested their money here at home.
Are you crazy ??? No certainly not
Consequences for the US economy would be devastating....China's growth must slow, and that would be great for the US, but not implode because China is the third largest export market for US products ($110B expected this year, $200B expected in 2015).In the long run the Chinese market will fuel the US growth substantially, it's already the case in Japan (without China and the US Japan's economy would decline strongly)
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Old 04-24-2011, 12:53 AM
 
Location: Eastern Missouri
3,046 posts, read 6,295,749 times
Reputation: 1394
Quote:
Originally Posted by Dragneel View Post
Are you crazy ??? No certainly not
Consequences for the US economy would be devastating....China's growth must slow, and that would be great for the US, but not implode because China is the third largest export market for US products ($110B expected this year, $200B expected in 2015).In the long run the Chinese market will fuel the US growth substantially, it's already the case in Japan (without China and the US Japan's economy would decline strongly)

I wonder how then is china such a good trading partner? Have you not seen the devistation in middle America from closed plants that used to make our goods? That trade number you say we would lose is not enough to effect the 270 BILLION + we lose to them EVERY YEAR!!!
Trade Deficit for December 2010 - $40.6 Billion | The Economic Populist

By the time that 200b is "expected" which so far those "expectations" have been off by 50percent we will have given them ANOTHER 200B on top of what they already have. So the B*ll$*!T ABOUT WE WOULD LOSE TOO MUCH VS. the 43+ million jobs we could stand to get back and stop losing the money we do already doesn't fly. So no, I am not crazy, the best thing that could happen for us is the china markets implode and we get our jobs and production back. The "freetrader" mentality that says but we might lose 200b when we are currently losing far more than that "estimated" amount is a farce and possibly a self centered act of treason against the USA...
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