The economy, is it good or bad. (Page 6/181)
Pyrthian JUL 30, 08:45 AM
the easy way to know if the economy is good/bad is to compare the value of a US Dollar against other currency's.
a fine example is the canadien dollar. for a long time, the US dollar was worth a good amount more. suddenly - it is almost equal. either Canada shot up - or we dropped down. maybe both.

but, here in "motor city" - or - more accurately - "motor ghost town" - we've been dead for over 5 years now.
Pyrthian JUL 30, 08:49 AM

quote
Originally posted by Uaana:


John Birch sounds like a great idea.. but what is your alternative? Should the US only purchase US goods? can we compete / exist completely independant of the rest of the world?



not entirely - but - if it is to be sold in the USA - it is to made to USA standards.
I could manufacture competivly, if I could dump into the clinton river & hire the neighborhood kids.
Toddster JUL 30, 01:36 PM

quote
Originally posted by 84fiero123:

I wonder if this could have anything to do with it. Or is it just me who thinks they are flooding us with crap that is toxic, as well as built by prisoners, and child labor.

How can any country compete with this kind of BS. They allow trash products, illegal copies of our own products in the software area.

I just think we are looking at this Global Economy crap in the wrong way. If a country like China can manipulate their own money what chance does anyone have when trading with them.




This is actually a great question!

In the short term, monetary policy can have an impact but it is unsustainable over the long term. In the end, productivity rules the nest and when the PEOPLE of China become too disillusioned with having to work 10 hour days for slave wages only to see the comsumers of their labors profit and thrive, they will rise-up! China has tried to stave off insurrection since the fall of Moscow opened their eyes. They can not compete in a global economy and keep pace with the west. Hence, they have learned that Communism can not work. However, unlike the chaotic transition Russia went through (and still is going through) China decided to take their medicine in small doses with a transistion to a market driven economy. This has made China LOOK stronger that it really is. When ever you open a new market the flood gates open and investment money pours in. Just like the Dot Coms of the 90s money is rolling in by the truck load. But in the end, these investments must see returns. As long as China can continue to supply a steady supply of slave labor the profits will be there. The problem they face however is that there is no such thing as a "little" freeedom. The people will want freedom and it will come one way or the other.

The cost to China in the long run is instability and revolution. The rest of the world will gang-up on China economically and they will be forced to take the next step towards capitalism, full private ownership. THAT is the day I worry about China as a global competitor. They have the work ethic and they are getting the technology.
Pyrthian JUL 30, 02:13 PM

quote
Originally posted by Toddster:
This is actually a great question!

In the short term, monetary policy can have an impact but it is unsustainable over the long term. In the end, productivity rules the nest and when the PEOPLE of China become too disillusioned with having to work 10 hour days for slave wages only to see the comsumers of their labors profit and thrive, they will rise-up! China has tried to stave off insurrection since the fall of Moscow opened their eyes. They can not compete in a global economy and keep pace with the west. Hence, they have learned that Communism can not work. However, unlike the chaotic transition Russia went through (and still is going through) China decided to take their medicine in small doses with a transistion to a market driven economy. This has made China LOOK stronger that it really is. When ever you open a new market the flood gates open and investment money pours in. Just like the Dot Coms of the 90s money is rolling in by the truck load. But in the end, these investments must see returns. As long as China can continue to supply a steady supply of slave labor the profits will be there. The problem they face however is that there is no such thing as a "little" freeedom. The people will want freedom and it will come one way or the other.

The cost to China in the long run is instability and revolution. The rest of the world will gang-up on China economically and they will be forced to take the next step towards capitalism, full private ownership. THAT is the day I worry about China as a global competitor. They have the work ethic and they are getting the technology.



yes, I've said this many times too. they have created a middle class - and this means many people with something to lose. and, things get ugly when that something gets threatened.
84fiero123 JUL 30, 03:38 PM
So just how long are we supposed to put up with the crap from countries like China?

This is not really a question, but look back. 40 years to when Honda sent cars over here in the beginning, they not only sent rusting crap buckets, but sent them here and sold them for less than what it cost them to build just to sell products here.

Why do we allow this crap?

------------------
Technology is great when it works,
and one big pain in the ass when it doesn't.
Detroit iron rules all the rest are just toys.

Pyrthian JUL 30, 04:00 PM
undercutting to establish a market is a normal thing. "intraductory rates" is probably something you've seen plenty of. Honda now builds here. it forced the "big three" to take a 2nd look and improve quality. you remember what them hunks of crap the "big three" put out 40 years ago? oversized sloppy rust buckets. it took them 20 years to catch up again. competition is good. when its done fairly. being unaccountable to the environment & the workers is NOT fair tho. this is one of the problems with china. but, the people WILL demand their due. the farming filth, the industrial filth & the lifestyle filth will become to much. remember SARS? filth disease. and, I am sure its not alone, or the last.
2farnorth JUL 30, 05:32 PM
Is the economy good?????? No...
I'm making more money, have fewer bills, but I have less money remaining after paying the "normal" expenses. That's normally called inflation. In the last ten years the cost of living has gone out of sight as far as i'm concerned. I think we're riding on a bubble that's going to burst one of these days.
84Bill JUL 30, 07:16 PM

quote
Originally posted by 2farnorth:

Is the economy good?????? No...



You are mismanaging your money... just ask the experts.. or Toadster... He can tell you and his decree alone it means its an undeniable fact.
Red88FF JUL 31, 12:16 PM


52 week range 11,423.60 to 14,121.00

Going back up! no big surprise here.

Funny how a 200 point change in a day or two pannicks people when it dropped over 800 points in a few the weeks before, Whats that 20 billion dollars? heh
fierobear JUL 31, 12:28 PM

quote
Originally posted by 2farnorth:

Is the economy good?????? No...
I'm making more money, have fewer bills, but I have less money remaining after paying the "normal" expenses. That's normally called inflation. In the last ten years the cost of living has gone out of sight as far as i'm concerned. I think we're riding on a bubble that's going to burst one of these days.



The bubble that folks *were* riding on for several years was cheap gasoline. The current price is in line with inflation. It's a bummer that the prices went up all at once, but they should have been going up steadily, to where they are now, over a long period of time anyway.