A bit of China-US bickering?
MGLICKER
Posts: 7,995 ✭✭✭
....or could it be more?
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<< <i>Reuters) - China has told its state-owned enterprises to sever links with American consulting firms just days after the United States charged five Chinese military officers with hacking U.S. companies, the Financial Times reported on Sunday. >>
<< <i> It also banned new central government computers from using Windows 8, Microsoft Corp's latest operating system. >>
Probably not a bad move!
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<< <i>Reuters) - China has told its state-owned enterprises to sever links with American consulting firms just days after the United States charged five Chinese military officers with hacking U.S. companies, the Financial Times reported on Sunday. >>
<< <i> It also banned new central government computers from using Windows 8, Microsoft Corp's latest operating system. >>
Probably not a bad move!
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Comments
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
<< <i>since we import far more than we export to China expanding the trade war will be good for US workers. >>
Be nice if we could start making some clothing here again. That Asian stuff is scratchy.
<< <i>If we stop importing from China they stop buying our treasury bonds. Since debt is like crack to the US government they will never allow that to happen. >>
Not to worry, IMF is already picking up the slack.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
<< <i>If we stop importing from China they stop buying our treasury bonds. Since debt is like crack to the US government they will never allow that to happen. >>
And, if we stop importing Chinese products there will be mass unemployment in China resulting in social unrest and riots.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
<< <i>
<< <i>If we stop importing from China they stop buying our treasury bonds. Since debt is like crack to the US government they will never allow that to happen. >>
And, if we stop importing Chinese products there will be mass unemployment in China resulting in social unrest and riots. >>
During the economic downturn in the US in 2008-9 there were thousands of cancelled supply contracts that the result of was just that. Unlike in the USA with laws that protect workers - in China the companies just locked the workers out without any notification. And there was a lot of social unrest that the government had to quickly quell.
<< <i>
<< <i>
<< <i>If we stop importing from China they stop buying our treasury bonds. Since debt is like crack to the US government they will never allow that to happen. >>
And, if we stop importing Chinese products there will be mass unemployment in China resulting in social unrest and riots. >>
During the economic downturn in the US in 2008-9 there were thousands of cancelled supply contracts that the result of was just that. Unlike in the USA with laws that protect workers - in China the companies just locked the workers out without any notification. And there was a lot of social unrest that the government had to quickly quell. >>
They have no problem rolling the tanks if need be.