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China Export-Growth Officially Slowing: Trade Deficit Coming?

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Thu, 12/15/2011 - 13:41 | 1983799 junkyardjack
junkyardjack's picture

Well good thing they have the Chinese consumer to keep the country and the rest of the world afloat.  All the American consumer companies are jumping ship over there as their source for profits...

Thu, 12/15/2011 - 14:02 | 1983933 Confused
Confused's picture

China, the new consumer farm.

Thu, 12/15/2011 - 14:10 | 1983982 trav7777
trav7777's picture

lol...yeah, they will be doing the opposite on that "soon to be reserve" CNY.

China just slapped tariffs on our cars because the WTO ruled against them on their predatory trade.

Satellites also showed the Varyag out for sea trials...be a couple years before it's operational, but just in time eh?

Let's slap 50% tariffs on EVERYTHING from China.  Fuck WMT, fuck Mattell...fuck them all.

Thu, 12/15/2011 - 14:29 | 1984093 tmosley
tmosley's picture

Yes, Trav wants us all to be poor.  By all means, shut off trade with China, it's not like they make 90% of what we use, and supply parts for most of the rest.  It's not like they have strategic resources that would take us a decade to develop.

Yeah, Trav, lets do that without a second (or first) thought!  We must defend ourselves from our high-IQ asian overlords!

Thu, 12/15/2011 - 15:02 | 1984229 Oh regional Indian
Oh regional Indian's picture

Actually China is quite toothless in real terms because the global downturn makes their internal situation quite difficult a la restive natives.

I think chinese Copper stockpiling and empty city mysteries are going to become quite clear quite soon.

Perhaps we are going to see a collective downfall of cities in general as we know them today.

Basically, solution to all three...War.

ori

/the-plan/

 

Thu, 12/15/2011 - 16:03 | 1984494 Hard1
Hard1's picture

What happened to all those martians that  were also importing cheap chinese stuff?

http://www.economist.com/node/21538100

 

Thu, 12/15/2011 - 18:48 | 1985297 Sudden Debt
Sudden Debt's picture

Leadpoisoning....

 

Thu, 12/15/2011 - 15:38 | 1984397 defencev
defencev's picture

There will be no reverse in CNY USD but there will be repeg to USD. It is, in fact, means that Chinese will need to buy more US

treasuries to recycle extra Dollars. That is only logical: they hardly interested in increasing their Euro reserves. The bottom line: it is USD positive. I personally welcome it. Besides, it makes all conversations about imminent Dollar collapse slightly premature to put it mildly.

Thu, 12/15/2011 - 13:45 | 1983801 Cognitive Dissonance
Cognitive Dissonance's picture

The Chinese train wreck will be utterly spectacular. I can't wait to see how 1.2 Billion Chinese take the kick in the ass. I think the Chinese tariff on US autos for 'dumping' was the first real shot over the bow of the next great trade war.

Modern gunboat diplomacy baby. Only this time the Chinese won't just roll over and play dead.

Thu, 12/15/2011 - 14:02 | 1983926 Manthong
Manthong's picture

I'm tired of food prices going up.

Lower Yuan means cheaper edible iPods.,

just in time for munching in front of the cheaper big screen at the Superbowl party.

Thu, 12/15/2011 - 17:01 | 1984751 jonjon831983
jonjon831983's picture

Hmm perhaps the first shot was this?

 

 

China loses WTO appeal against U.S. tire tariffs

Sep 5, 2011

 

http://www.reuters.com/article/2011/09/05/us-china-usa-tyres-idUSTRE7842EH20110905

 

"The United States imposed the 35 percent duties in September 2009 after the United Steelworkers union complained that surging Chinese imports were hurting U.S. producers."

"U.S. imports of Chinese tires fell by 23.6 percent in 2010 and by a further 6 percent in the first half of 2011, while U.S. tire imports overall grew by 20.2 percent and 9 percent respectively."

Thu, 12/15/2011 - 13:42 | 1983808 Glasgow Gary
Glasgow Gary's picture

Who buys US Treasuries if China has alot less surplus USD to recycle (through Treasuries)?

GG

Thu, 12/15/2011 - 13:49 | 1983843 RobD
RobD's picture

Everyone knows the answer to that question.

Thu, 12/15/2011 - 14:43 | 1984115 hedgeless_horseman
hedgeless_horseman's picture

 

 

The Federal Reserve has bought US Treasuries through a process called Quantitative Easing (QE), where the Primary Dealers buy the Treasuries from the Fed at auction, and then flip them right back to the Fed at a profit.

...the end of September 2011, the Fed owned about $516.7 billion more in U.S. Treasury securities than the Chinese owned.

 

http://cnsnews.com/news/article/fed-now-largest-owner-us-gov-t-debt-surpassing-china

Thu, 12/15/2011 - 13:54 | 1983890 blu
blu's picture

Ben will print dollars for China to use to buy UST.

No, I'm not kidding.

Thu, 12/15/2011 - 13:43 | 1983811 tmosley
tmosley's picture

But will they sell their treasuries to get Western fiat to maintan their peg?

Thu, 12/15/2011 - 13:44 | 1983821 jdrose1985
jdrose1985's picture

WHAT DOES IT TAKE TO GET MY ACCOUNT DELETED?

CALL TYLER A PRISSY FAGGOT WHO COULDN'T MAKE IT ON WALL ST, OR WHAT?

BEEN EMAILING ZH FOR WEEKS TO FIND OUT HOW TO DELETE THIS ACCOUNT AFTER 2 YEARS OF WASTING MY LIFE TRANSFIXED ON A FICTIONAL CONSTRUCT. BASICALLY A WASTE OF TIME

PLEASE DELETE MY ACCOUNT

Thu, 12/15/2011 - 13:48 | 1983844 jdrose1985
jdrose1985's picture

HOW LONG ARE WE GOING TO CONTINUE FUELING THE FIRE BY FOCUSING OUR ENERGIES ON THE LIE? LOVE IT OR HATE IT, THEY STILL HAVE YOUR ATTENTION CAPTURED.

YOU ALL CAN ISSUE YOUR OWN PRIVATE CREDIT AND ZERO OUT ANY DEBTS. WAKE UP. IT IS IN THEIR OWN CODE BOOKS. ZERO HEDGE IS NOTHING BUT A FARCE KEEPING THE WOOL OVER YOUR EYES.

PLEASE DELETE MY ACCOUNT "TYLER"

Thu, 12/15/2011 - 15:36 | 1984195 Theta_Burn
Theta_Burn's picture

Ritalin Check?

I'll bite, private credit? wtf is that, or do you mean chapter 7 or 11 (and not the store either..)

As far as tyler not making it on wall st. going private is a bad thing? the huge success this site is PLUS the trading knowledge these folks have, I'm sure they do quite well. AND they get to keep thier soul.

Due Diligence mang...

Thu, 12/15/2011 - 15:40 | 1984410 pods
pods's picture

I think he means "take control of his commercial affairs", which many seem to have done.  When you access credit, it is YOUR credit, and through the UCC you can take control of it.  Debts are discharged, as they cannot be paid off in our debt based system.

There was one other here who was trying to do that.  Had posted it on the forum here.

pods

Thu, 12/15/2011 - 15:37 | 1984396 linrom
linrom's picture

I also came to the conclusion that this site is nothing more than a platform to disseminate Hedge Fund propaganda.

Thu, 12/15/2011 - 13:49 | 1983847 Martial
Martial's picture

Here's a radical idea: just stay away from ZH. Problem solved.

 

Thu, 12/15/2011 - 13:58 | 1983911 jdrose1985
jdrose1985's picture

No it's not radical. It's as stupid as all you who think you aren't part of the game when your every move is claimed and collateralized for the debt. I don't want to be recognized as part of the idiot brigade who believes they are free when you all get deeper and deeper every day.

Thu, 12/15/2011 - 14:03 | 1983929 SheepDog-One
SheepDog-One's picture

You claim every move is followed, but think if your password is deleted, then youre not part of 'the game'? Retard.

Thu, 12/15/2011 - 14:10 | 1983980 jdrose1985
jdrose1985's picture

I never said every move is followed, idiot. I said it's collateralized. You are the money, idiot. You are owned, a fucking ignorant slave with a tube shoved down your throat. I no longer wish to be identified with pathetic fuckwipes like yourself. You've been spreading the same 3 comments on this board for years now. Fuck off.

Thu, 12/15/2011 - 14:25 | 1984079 vxpatel
vxpatel's picture

chill bro....have you tried medical marijuana?

Thu, 12/15/2011 - 14:31 | 1983987 pods
pods's picture

Well technically if you are issuing your own credit to cancel out your debts are you not playing the game?

You just took a seat at the big kids table.  That is all.

pods

edit:  Also, why not try and help others here with your information? I am assuming you went the way of the UCC that others (Kayman? maybe) that have undertook similar steps?

It is one thing to learn the techniques to discharge your debts, but why come here to gloat?  Why not just disappear and never post again?

Not taking shots, just want to know your mindset.

 

Thu, 12/15/2011 - 14:32 | 1984110 LawsofPhysics
LawsofPhysics's picture

There it is.  Well played.  Nature makes keeps no promises regarding anyone's survival anyway, aside from the promise that yours will end.  In that vain one should always try to be on the other side of the debt trade, as it were.

Thu, 12/15/2011 - 14:30 | 1984097 sabra1
sabra1's picture

oBLAHma already has your IP address! please remember to post your "fema fun family days" photos, right here on ZH for all to enjoy!

Thu, 12/15/2011 - 14:54 | 1984192 CvlDobd
CvlDobd's picture

I think your Mom bumped your caps lock button when she was cleaning your room.

Its off now, just a heads up n

Thu, 12/15/2011 - 14:08 | 1983972 blu
blu's picture

ZH burnout. We've all been there.

I hit the wall six months ago. Lost my wife and home, quit my job and lived under a bridge for a month before I found Jesus. Then while working the loading dock at Salvation Army I got into an argument with a fellow loser about holding gold verses silver, and just like that I was back on the browser, aimed at ZH, white-knuckled.

Hooked. Again.

Once you taste the sweet, sweet paranoia and angst, feel the schadenfreude course thru your veins, and spend all night trolling for Keynesians until your eyes bleed, you can't go back.

Just roll with it. Do some heavy drugs and wild sex. You'll feel better on Monday. 

Thu, 12/15/2011 - 14:27 | 1984088 pods
pods's picture

I think that many have gone through times where you get burnt out.  Most not nearly as severe as you.  

When people realize the totality of thier enslavement, they run around screaming from the rooftops that they have found the secret.  And they want to free anyone withing earshot.

It is coming to the realization that many do not, and further cannot contemplate what is going on that the depression sets in.

If you survive that and realize that you can only help you and your loved ones, as well as others who show a real interest in the knowledge that you are sharing then things will settle down.

And accepting that you are not in control is a big part of it.  Many events are WAY outside of your control.

pods

Thu, 12/15/2011 - 14:46 | 1984163 blu
blu's picture

Wait. You mean that account sounded real?

Day-um. Maybe I should be one of those fictional writers who writes fiction. Oh wait, I already am.

Thu, 12/15/2011 - 14:48 | 1984168 pods
pods's picture

Fucker!  :)

Maybe you should have said "Living in a van down by the river?"

pods

Thu, 12/15/2011 - 14:50 | 1984176 blu
blu's picture

Punk'd! You know I love you, man.

Thu, 12/15/2011 - 15:07 | 1984266 Teamtc321
Teamtc321's picture

+1000 Thanks Pods, well said. 

Thu, 12/15/2011 - 15:35 | 1984386 Ferrari
Ferrari's picture

Fabulous! Best post I have read in a long time. A fine antidote to yesterday's congressional fiasco.

Thu, 12/15/2011 - 13:44 | 1983822 Tsar Pointless
Tsar Pointless's picture

Currency wars beget trade wars which beget blow-things-up-anyway-you-can-and-kill-as-many-of-the-other-people-as-you-can-with-weapons-produced-by-the-same-defense-corporations wars.

In other words, same as it ever was.

Thu, 12/15/2011 - 13:47 | 1983834 sitenine
sitenine's picture

This is a matter of inevitability. The East can't export what the West can no longer afford.

Thu, 12/15/2011 - 13:47 | 1983836 Martial
Martial's picture

Does anyone else get the feeling 'they' are just trying to enjoy the holidays and kick the can until the new year?? I don't think we'll get far into 2012 without EVERYTHING that's been building to completely blow-out.

Thu, 12/15/2011 - 13:48 | 1983840 j0nx
j0nx's picture

If you call a one way salvo directed towards us a trade war then yeah it will be epic. No way we risk offending our overlords beyond a few token gestures.

Thu, 12/15/2011 - 13:50 | 1983857 GeneMarchbanks
GeneMarchbanks's picture

At this point it begins to make sense why China stockpiles cu, ag and au among other metals. Renminbi devaluation will actually be an absolute destablizing effect on the US and themselves to a lesser extent.

Thu, 12/15/2011 - 13:52 | 1983879 Iliketurtles
Iliketurtles's picture

what stocks will do well or bad if a trade war occurs? Trying to figure out if this helps or hurts Molycorp?

Any suggestions of how to invest when Chinese/US relations worsen??

Thu, 12/15/2011 - 13:53 | 1983881 Dinho360
Dinho360's picture

I think they are okay with the yuan appreciating though, because they've said they want to focus on reducing their reliance on Western economies. Their goal is to make imports grow faster than exports, and to empower their domestic consumer with higher value yuan.

Thu, 12/15/2011 - 13:54 | 1983889 moskov
moskov's picture

China will no longer lend their money to the US consumers for funding their credit cards, mortgage, wars and so on.

Who should be buying the US bonds, American tax payers. If they can be asked to bait out 6 mega-banks who are selling fraud day by day, they sure can fund their own country with real hard earned cash.

 

Let China keeps the production, US keeps the hot money

Thu, 12/15/2011 - 14:30 | 1984100 youngman
youngman's picture

That will piss off alot of APPLE users.....their religion will be crushed..

Thu, 12/15/2011 - 14:40 | 1984139 moskov
moskov's picture

In China, Apple has also become a religion, the average price for a iphone is about 2000-4000 RMB which is made in China. US pay so much less and it's ridiculars for Chinese for paying more than they produce than the Americans.

Thu, 12/15/2011 - 13:58 | 1983913 moskov
moskov's picture

Plus. there's no point as Americans always complaining all the Higher living standard they have without paying by their export but useless dollars.

 

It's time for China to focus on its own domestic need and do the right thing. Every American knows there's no way the US will not default so does every Chinese knows there's no way to continue this horrible trend of over-consumption

Thu, 12/15/2011 - 13:59 | 1983919 Oracle Jones
Oracle Jones's picture

So if China ends up in trade deficit, what countries other than Germany and oil states will remain in surplus? Anybody? Beuhler?

Thu, 12/15/2011 - 14:05 | 1983954 moskov
moskov's picture

The surplus means nothing as all the derivatives being sold in the world far surpassed the entire world's GDP output.

 

They will only get inflation if they get meaningless surplus at this age of trade

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