tag:blogger.com,1999:blog-8515247115132134144.post4832884971701088627..comments2024-02-17T12:34:01.400-08:00Comments on Illusion of Prosperity: China Trade ImbalanceStagflationary Markhttp://www.blogger.com/profile/04568993350246477976noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-8515247115132134144.post-62981832206055169162011-02-06T22:17:59.836-08:002011-02-06T22:17:59.836-08:00My Political Party<a href="http://illusionofprosperity.blogspot.com/2009/05/my-political-party.html" rel="nofollow">My Political Party</a>Stagflationary Markhttps://www.blogger.com/profile/04568993350246477976noreply@blogger.comtag:blogger.com,1999:blog-8515247115132134144.post-62667110675029809042011-02-06T22:07:08.188-08:002011-02-06T22:07:08.188-08:00In Hell's Kitchen,
I am a Banana Republican. ...In Hell's Kitchen,<br /><br />I am a Banana Republican. That's what I say if people ask me what party I'm in.<br /><br />It was once a joke of mine. Sort of. Nobody ever seems to laugh.Stagflationary Markhttps://www.blogger.com/profile/04568993350246477976noreply@blogger.comtag:blogger.com,1999:blog-8515247115132134144.post-53563734844033724242011-02-06T17:41:38.586-08:002011-02-06T17:41:38.586-08:00nuts ? can you say "banana republic" ?
...nuts ? can you say "banana republic" ?<br /><br />and your other chart on civilian<br />employment clearly shows Dumbya busted<br />the labor market pretty good. I doubt<br />it can be salvaged.In Hell's Kitchennoreply@blogger.comtag:blogger.com,1999:blog-8515247115132134144.post-69616154593691142282011-02-06T13:57:09.073-08:002011-02-06T13:57:09.073-08:00nanute,
Hell, let's go for the trifecta: Star...nanute,<br /><br /><i>Hell, let's go for the trifecta: Start selling military hardware.</i><br /><br />Perhaps I should have offered a top 20 fastest growing exports list.<br /><br />"Nuclear fuel materials" - #12<br /><br />"Parts for military-type goods" - #18<br /><br />No joke.Stagflationary Markhttps://www.blogger.com/profile/04568993350246477976noreply@blogger.comtag:blogger.com,1999:blog-8515247115132134144.post-64405627774855495272011-02-06T12:33:55.251-08:002011-02-06T12:33:55.251-08:00This is rather encouraging. (Not.) Not only do the...This is rather encouraging. (Not.) Not only do the Chinese hold a significant amount of our debt, now you are telling me that it looks like they are intent on starving us to death. Hell, let's go for the trifecta: Start selling military hardware.nanutenoreply@blogger.comtag:blogger.com,1999:blog-8515247115132134144.post-65221694129346960982011-02-05T20:58:10.880-08:002011-02-05T20:58:10.880-08:00GYSC,
I was about to put up this first chart toda...GYSC,<br /><br />I was about to put up this first chart today when I realized that it would be a bit scary if food was becoming our fastest growing export.<br /><br />I was not exactly relieved when I saw energy in there too. Sigh.Stagflationary Markhttps://www.blogger.com/profile/04568993350246477976noreply@blogger.comtag:blogger.com,1999:blog-8515247115132134144.post-71492909313403150362011-02-05T20:54:07.585-08:002011-02-05T20:54:07.585-08:00Troy,
Speaking as a neo-Georgist, BNSF was a kill...Troy,<br /><br /><i>Speaking as a neo-Georgist, BNSF was a killer buy.</i><br /><br />China has our cash. We have the ag. Railroads would seem to be the best way to transfer it. Sigh.<br /><br /><i>And as the yuan goes from 6 to 4 this decade, they will be buying more stuff for the same amount of $.</i><br /><br />If history is a guide, maybe not. Soybean <a href="http://www.indexmundi.com/commodities/?commodity=soybeans&months=360" rel="nofollow">prices</a> have risen much, much faster than the movements in the <a href="http://research.stlouisfed.org/fred2/series/EXCHUS" rel="nofollow">yuan</a>. Although things may change, the trend is not exactly in China's favor.<br /><br />Put another way, soybean farmers apparently have far more pricing power than Chinese factories, at least right now.Stagflationary Markhttps://www.blogger.com/profile/04568993350246477976noreply@blogger.comtag:blogger.com,1999:blog-8515247115132134144.post-39706645069616376202011-02-05T19:43:20.117-08:002011-02-05T19:43:20.117-08:00Mark,
The last two weeks you have been red hot! G...Mark,<br />The last two weeks you have been red hot! Great stuff and you always make me really think. Thanks.EconomicDisconnecthttps://www.blogger.com/profile/02802078645713106743noreply@blogger.comtag:blogger.com,1999:blog-8515247115132134144.post-57037556311494452142011-02-05T17:28:09.222-08:002011-02-05T17:28:09.222-08:00Speaking as a neo-Georgist, BNSF was a killer buy....Speaking as a neo-Georgist, BNSF was a killer buy.<br /><br />WB didn't just buy fixed industrial-age capital, he bought one of the two available bleedin' <b>connectors</b> of the #1 and #2 economies (with tie-ins to #11 and 14 too.<br /><br />The sad thing tho is that our trade deficit with China -- $270B is 40% larger than our total ag GNP ($200B).<br /><br />And as the yuan goes from 6 to 4 this decade, they will be buying more stuff for the same amount of $.<br /><br />This is why I'm not "short" Chinese real estate. They're going to have a firehouse of wealth coming at them for the remainder of the century.Troynoreply@blogger.com