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Recession! How bad will it be?
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[QUOTE]Originally posted by glassman: [QB] [b]You put the govnerment and a big part of the general population all on the same tract. You have a real ticket for a disaster getting very close.[/b] so, here's where it gets interesting. there's only one way from a macro-economic perspective to fix this.(OK there's really two, but the other is to start a WW) take the dollar to the basement on the world market. i know Dubya and Paulson keep saying they want a strong dollar, but that will not work. taking the dollar to the absolute bottom and allowing runaway inflation would make our current debtload insignificant. the "problem" with that and the main reason inflation is more less flat is that wages have remained falt and will as long as globalistion is being "developed" globalisation is almost dead. nobody is talking about this yet, but globalisation was premised on dirt cheap transportation.... well? unless oil drops by about 25-30% in the next year? we'll see a precipitous drop in the amount of cargo being shipped worldwide. shipping raw materials and then goods produced from them was so cheap that ships were leaving America empty and still making profits. that's one of the reasons that this lady got rich: [b] China's richest woman: from waste to wealth (Xinhua) Updated: 2006-10-20 15:42 BEIJING -- As night falls on the town of Mayong in south China's Guangdong Province, container trucks emblazoned with the logo "Nine Dragons Paper", a local household name, take to the streets. Long after most people have gone home for the night the Nine Dragons Paper factory is still ablaze with lights. We run around the clock. I've never seen a slack period since I worked here," says a company manager, adding that orders had already piled up into December for the firm's packaging products, which are used by companies like Coca Cola, Nike, Sony, Haier and TCL. Waste paper is the foundation of the wealth of Zhang Yin, the 49-year-old owner of the factory and its sister plant in the eastern Jiangsu Province. The first woman to top the Huran Report rich list in China, she has amassed an estimated fortune of 27 billion yuan (US$3.4 billion) by recycling scrap paper imported from the United States. Wealthier than US television host Oprah Winfrey and author of the Harry Potter series J.K. Rowling, Zhang is described by acquaintances as a "round-faced, not very tall" woman who "doesn't like dressing up and looks like a person of action"[/b] http://www.chinadaily.com.cn/china/2006-10/20/content_713250.htm people afford to ship raw materials across the world and reship product back to the very people that produced the raw materials and make a profit? somebody somewhere is paying big time... [/QB][/QUOTE]
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