Skip to comments.
Our biggest export: Inflation
MSN Money ^
| 10-5-2007
| Jim Jubak
Posted on 10/05/2007 7:42:51 PM PDT by grey_whiskers
Thanks to a weakening dollar, companies in the United States are selling more goods and services overseas.
But the biggest U.S. export right now isn't tractors or ball bearings or computer consulting or anything else American industry does. Our biggest export is inflation. And our No. 1 inflation customer is China.
Why should you care? Because the damage to China's economy could be enough to send it spinning out of control, with grim consequences for the rest of the global economy.
(Excerpt) Read more at articles.moneycentral.msn.com ...
TOPICS: Business/Economy; Culture/Society; Foreign Affairs; Government
KEYWORDS: china; economy; inflation; jubak
Along these lines, there's also a good article in
Business Week online explaining how India is aiming to become a powerhouse in
manufacturing, of all things.
Cheers!
To: grey_whiskers
Holy cow, if the Chinese economy tanks - who will buy our scrap metal?
To: grey_whiskers
Our biggest export is inflation. And our No. 1 inflation customer is China. This could be the cure for Zimbabwe's problem. Just export that humongous inflation.
Nah, Mugabe would find some way to screw that up too.
3
posted on
10/05/2007 8:01:48 PM PDT
by
Graybeard58
(Remember and pray for SSgt. Matt Maupin - MIA/POW- Iraq since 04/09/04)
To: grey_whiskers
Sometimes it’s retarded to peg your currency to another.
To: grey_whiskers
Thanks to a weakening dollar, companies in the United States are selling more goods and services overseas. Yes, and thanks to a weakening dollar they are getting LESS in return for the goods they export.
5
posted on
10/05/2007 8:06:49 PM PDT
by
Jorge
To: grey_whiskers
Thanks for this post. One of my Econ Professors always said “all boomings have their endings”.
6
posted on
10/05/2007 8:08:48 PM PDT
by
Mad_Tom_Rackham
(Elections have consequences.)
To: grey_whiskers
A strong dollar is a good thing. Well, no, not always. A strong dollar is a bad thing, then. Well, no, not really. A weak dollar is bad. No, a weak dollar is good. Okay, a weak dollar is good. Nope a weak dollar is NOT good.
Right.
7
posted on
10/05/2007 9:26:06 PM PDT
by
Past Your Eyes
(Some people are too stupid to be ashamed.)
To: Mad_Tom_Rackham
Almost every stovepipe has at least one elbow in it.
8
posted on
10/05/2007 9:26:47 PM PDT
by
Past Your Eyes
(Some people are too stupid to be ashamed.)
To: Past Your Eyes
Too far in either direction and you're in the soup.
Just as too little water OR too much water will ruin your health, but for different reasons.
Cheers!
9
posted on
10/05/2007 9:41:12 PM PDT
by
grey_whiskers
(The opinions are solely those of the author and are subject to change without notice.)
To: grey_whiskers
Mexico has wild inflation now also. I heard nothing is cheap any more.
The flood of US dollars down there is a double edged sword that prods economic refugees northward even more.
It seems like the major product of the USA is debt. I can't believe it is working on the sheer volume of "service industry" alone.
10
posted on
10/05/2007 9:47:34 PM PDT
by
KTM rider
(Free Mexico ....Viva La Revolucion)
Disclaimer:
Opinions posted on Free Republic are those of the individual
posters and do not necessarily represent the opinion of Free Republic or its
management. All materials posted herein are protected by copyright law and the
exemption for fair use of copyrighted works.
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson