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'And here are some bad news for Obama's plan to double US exports in the next 5 years'
That might happen.. After we drop 70% first.. The double off that number.
"The other 3 things we export". LMAO.. The sad part is how accurate that statement is..
I would recommend you panic.
I would recommend you panic.
TD, Swiss at it again?
Is it time to send in the liquidation companies to buy up the manufacturing equipment in China?
With what? I don't think they are going to want your dollars for very much longer (or Euro, for that matter).
when you travel abroad for business or pleasure you have to convert your currency to local.
Yes. Americans Chief Exports.... 'Financial Innovation', Cotton, and I dont know the other two
Used CRT (TVs and Monitors) and used paper/cardboard.
If it wasn't for those items, all of the containers going back to China would be empty.
Oh, don't forget coal.
Is it ok to panic now?
What would be fantastic is if there was one article written describing how this all unravels. All the great articles from ZH, Shadow Stats, Market Ticker and others assume a level of knowledge that just isn't there for most people, myself included. One article that would show how producing funny money broke this then broke that etc all the way to collapse in a logical order. Does anyone know of such an article or series?
I'm new here, but it seems there is general consensus that an economic collapse is inevitable due to the obscene levels of debt, gross inefficiencies and inequities in the economy, and the sheer physics of not being able to pay for all of the debt and the fact that the debt/derivatives/etc. are essentially all inter-connected.
But, that's where the consensus ends, largely because it is impossible to predict how the Gov's will respond. War? Regional conflict? Nuclear QE? Police state? Martial law? Confiscation of property? How long will deflation last until we get hyper-inflation? When will the sheeple realize their dollars aren't back by the fictitious gold in Fort Knox? ZH'ers seem to intuitively understand it will get ugly (PM's, food, guns, ammo), but who knows in what form? That's just my impression so far...hope I haven't over-spoken.
How pessimistic and wrong.
American strength : Grains, Meat, Fruits, Software, Networking Eqpt, Financial Market, Armaments, Aeroplanes, etc.
Hate to tell you but there are plenty of suppliers who can provide the same goods at lower costs. With the Euro drop, jet aircraft can be sold far below what Boeing can supply. Most food we sell overseas has some form of farm subsidy attached to it. Other than the most sophisticated weapons systems, which we won't sell to people who actually have money, the advantage of American exporters is pretty weak.
This is not what the decoupler theory Schiff sold me.
Lot's of veteran ZH first birthdays to celebrate as a community.
Happy ZH Birthday Mako. I found this photo of you taken just this morning.
Did the SNB just come in to the market?
I hope everybody here has the possibilty to grow some vegetables in the backyard...
Definitely expanding my garden. Especially because I work in CRE.
Priceless. Price Less.
What I find really rankles me is the fact that India, struggling straggler on the bumpy road to westernization, does not even figure in discussions.
It fancies itself on the world stage, new buddy buddy with America and especially with America+War on Terror.
Such a lightweight existence for a sixth of the world's population.
The clear end-game for this reality is all manufacturing activity shifting to war mode, nothing else can explain the last 15 years.
It's getting very interesting, very fast.
The real ruh-roh here is that as China's export income declines, they will have less incentive and fewer dollars to buy US Treasuries, the supply of which appears infinite.
That is why they have a $3T QE 2.0 waiting in the wings.
It's strictly a question of how much lower the stock market will be allowed to go before they pull the pin.
and if it doesn't happen?
What do you mean by "it"?
the QE event.
everyone seems so assured that it WILL happen.
what if it doesn't? game over?
It's game over either way.
I love makoisms. Short, succinct and right to the point.
We will get at least one, possibly two more rounds of QE out of Bernanke.
He will start to have misgivings when it's time for QE 4.0 and will be replaced before QE5.0 is announced.
The printing will continue until "sufficient" inflation is produced.
Here I will simplify it, pick one.
1.) Do nothing or stay on present course if you will.
2.) Increase government spending and the Fed buying supposed assets.
3.) Decrease government spending and the Fed not buy supposed assets.
All the choices above get you to the same point.... ie collapse.
"The printing will continue until "sufficient" inflation is produced."
That is the lie they told you and you believed. There is no Wizard of Oz.
by "it" i'm sure he means QE2, but the questionable word of his is "if."
rest assured, walkure, it "will." no choice really. and you know geitner has always leaned that way.
Mr. Geithner and Mr. Summers may not keep their jobs.
The Europeans have decided to go the austerity route, at least officially. How much of that will translate into policy has to be seen.
Is possible that the Europeans are now leading the way and the Americans will follow that lead as opposed the other way around which was the failed policy of bailouts and stimulus and QE 1.0.
I don't think you are listening. Mako is trying to explain it you.
The Europeans are leading the way to a deflationary depression.
The US is leading the way to a hyperinflationary depression.
The key word here is "depression". Choose your poison.
Brilliant synopsis taraxias.
The path is clear. It's actually a track!
No going back!
To infinity and beyooooond!
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