WSJA says China may revalue later this year if we just leave them alone…
12 Responses to “And now for something completely different”
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AUTOREFRESH 
We should have left them alone along time ago, completely alone.
Amen Fred.
China’s take..http://www.china.org.cn/business/2010-02/09/content_19392370.htm.
We can’t “leave China alone.” That’s not a serious option. They have repeatedly broken into our information systems and have stolen military (Wen Ho Lee) and industrial information that they use to compete against us. They provided intelligence for the other side in the Kosovo War- and we bombed their embassy in Belgrade. To just hope that China is going to play nice in the sandbox is almost as naive as to think that Russia and Venezuela are our friends. It was the same with Japan 20 and 40 years ago. They just flat out stole IBMs technology (reverse engineered it), refused to import our stuff, and then sold their own stuff, which magically ran our software, which they, of course, pirated… We compete with China in some areas and cooperate in others. It’s a complex relationship, but leaving them alone isn’t an option because they’ll continue to try and get away with whatever they can.
AAA, 10/10
Hey, your workin’ my side of the street, JR!
China has its own plan going on and the US is not suppused to be the one with the benefits. Trying to convince them about something will only have the opposite result., they’re doing good for their own so far.
The Yuan is undervalued by 20%; they need to fix that. What they are doing is hurting Europe, Japan and the other Asian countries more than America. If they want to be stubborn, that’s their choice. Bear Stearns was stubborn too back in the day- and when they needed someone to help them in a pinch, no one stepped up. We all know how these things go. When things are good, the bright side is highlighted by the bulls who are making mad loot. When the market turns – and the Jim Chanos’ of the world start working things – then everyone is going to learn about the seamy side of China, the social tensions, crime, corruption, etc. I don’t know how anyone can look at the management teams in place in the Chinese companies that the state sponsors and still invest in them. I guess that’s why most people stick to investing in Australia and commodities… The Chinese have learned from the Japanese that they can steal our stuff and not import/pay for them, and just sell us stuff and stock up on dollars. That didn’t end well for the Japanese and it won’t end well for the Chinese.
Well said JR.
Given the fact they’re so concerned about their exports rather about what they consume, US and Europe aswell could play with the same cards. More charges on imports from China (chinese companies alone, not us/european multi-national companies).
That would do well for the market competition if we isolate their products and they’ll very soon give up or start a war.
Like Russia, China is still in the process of falling apart. Eventually, democracy will take root. Until then, they are run by some paranoid old guys who, deep down, know that their time is running out. I loved it when they wouldn’t allow Obama to speak to their people on live tv. (They allowed Clinton and Bush.) They are afraid of Obama- and the idea of democracy. It’s just a matter of time. The Chinese are natural business people.
Some are.
http://www.telegraph.co.uk/news/worldnews/asia/china/6942975/Chinas-secret-gambling-problem.html
If my memory is right, Nostradamus said the “yellow ones” will dominate the world. I think we can say he had a good call.
If the chinese will let the yuan appreciate and will let us know, it would be a good buy to take.