On Sun, 17 Jan 2010 19:15:12 -0700, Canuck57
wrote:

On 17/01/2010 6:16 PM, Eisboch wrote:
wrote in message


Right now China applies a tariff of 18% on any manufactured goods imported
from the US.
The US applies no tariff to imported Chinese goods. Zero. Nada. Zip.

Keynesian Economics is valid in an open, balanced and fair trade market. It
has no application to the
current problems. The academics need to get their noses out of the books
and take a
look around them.

Eisboch

I would not count on it. They are past the point of no return in
reality. No easy way out now as all they have done is made the hole
deeper. That door was closed with the massive current print and huge
debt increase, both of which have yet to be realized. Seals the fate to
a Japanese type scenario for the near and mid term.

In fact, Japan is teatering on bankruptcy as a country. The Yen
currency is in real danger of colapse (rapid devaluation). Watching
this closely as Japan is bigger than Iceland, and the impacts of a major
country like Japan getting into serious default could be next.



uh no. the hole was already dug by the conservative fundamentalist
deregulators and the fairy tales of CDO's that they wrote. they wrote
the checks.

we're now paying for them