CHINA SUCCEEDS IN HAVING IT BOTH WAYS
The American Chamber of Commerce which I renamed some years ago the Chamber of Horrors is in a dilemma. For the last twenty years they have been proponents of exporting jobs firstly to Mexico and then to China is now ion a quandary. Some of its members are complaining to them that the Chinese government [...]
CHEAP AND POOR QUALITY CHINESE TIRES MAY HERALD THE START OF PROTECTIONISM
I salute President Obama for his decision to apply the first tariff to some Chinese-made junk America truly does not need. I remember starting about ten years ago and the still ongoing lawsuits throughout the country Ford and Firestone are facing over producing Explorer SUV’s with unsuitable tires which supposedly affected the vehicle’s stability at [...]
THOSE COWBOYS ARE AT IT AGAIN
The sharp decline in the price of a barrel of oil last week was not the result of excess supply over demand. The world has been awash with oil for the last nine months. Consumption even in America has hit lows never seen in decades and the rest of the world has realized it too [...]
GEITHNER ON A MISSION SUCKING UP TO THE CHINESE
With China claiming they are so worried about the value of its roughly $1.4 trillion of treasury bonds, and the mood of the Federal Reserve to print money to solve our economic ills, if I were Timothy Geithner, I would have asked Ben Bernanke to have cranked up the printing presses and dispatched a shipload [...]
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