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China inflation spikes to near 11-year high
The Financial Times ^
| 9/11/2007
Posted on 09/10/2007 11:29:30 PM PDT by bruinbirdman
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To: ran20
A rising Yuan would also help the situation so they could import food more easily when shortages appeared in certain foods. Their inflation is caused by the artificially weak currency. They also import a lot of oil.
21
posted on
09/11/2007 6:16:44 AM PDT
by
Moonman62
(The issue of whether cheap labor makes America great should have been settled by the Civil War.)
To: bruinbirdman
Even though they have commie roots, it’s interesting to see how their central bank copies all the incorrect theories of all the other central banks.
22
posted on
09/11/2007 6:17:51 AM PDT
by
Moonman62
(The issue of whether cheap labor makes America great should have been settled by the Civil War.)
To: bruinbirdman
”It seems China will have a bad harvest this year because of droughts and other disasters, and that will push up food prices further,” he said. Raising their interest rates won't improve the harvest.
23
posted on
09/11/2007 6:18:42 AM PDT
by
Moonman62
(The issue of whether cheap labor makes America great should have been settled by the Civil War.)
To: PugetSoundSoldier
The problem was the government not having the correct supply side policies to meet the higher demand, not the little guy making more money.
24
posted on
09/11/2007 6:24:02 AM PDT
by
Moonman62
(The issue of whether cheap labor makes America great should have been settled by the Civil War.)
To: PugetSoundSoldier
"it’s the bottom of the income scale that’s heavily gaining in income. Minimum wage requirements in Guangdong province (where 20% of China’s exports are made) are up - again."And for the other 900+ million with no minimun wage?
yitbos
25
posted on
09/11/2007 3:58:24 PM PDT
by
bruinbirdman
("Those who control language control minds." -- Ayn Rand)
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