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ucodegen
ParticipantThanks for the real numbers, seems charts can be very deceptive. I didn’t really think I was buying more Canadian stuff than Chinese stuff, but sometimes I can get a little local and forget about all those other states on the Canadian border.
The numbers for Canada includes both the US’s exports to Canada and Canada’s exports to the US. It could be considered ‘total’ cross border trade. The net trade (‘balance of trade’) is much closer to zero. With China, the numbers you see are primarily their export to the US, there is a net outward ‘balance of trade’ or deficit.
This is the detailed data:
http://www.census.gov/foreign-trade/Press-Release/current_press_release/exh14.pdf
You can see imports/exports relative to the US broken down by country and net balance of trade.By the way, for those of you worrying about the US sending all of its money out to the OPEC country’s for oil, take a look at the net balance of trade of China compared to all of OPEC (4th column across.. follow down the left on the country column and there is a whole section for OPEC)
ParticipantThanks for the real numbers, seems charts can be very deceptive. I didn’t really think I was buying more Canadian stuff than Chinese stuff, but sometimes I can get a little local and forget about all those other states on the Canadian border.
The numbers for Canada includes both the US’s exports to Canada and Canada’s exports to the US. It could be considered ‘total’ cross border trade. The net trade (‘balance of trade’) is much closer to zero. With China, the numbers you see are primarily their export to the US, there is a net outward ‘balance of trade’ or deficit.
This is the detailed data:
http://www.census.gov/foreign-trade/Press-Release/current_press_release/exh14.pdf
You can see imports/exports relative to the US broken down by country and net balance of trade.By the way, for those of you worrying about the US sending all of its money out to the OPEC country’s for oil, take a look at the net balance of trade of China compared to all of OPEC (4th column across.. follow down the left on the country column and there is a whole section for OPEC)
ParticipantYou think Chinese investors are the only ones. That IS how investors operate, because that IS how humans operate.
No, they are not the only ones.. but they have the ‘disease’ worse than cultures where dissent is allowed or even possibly appreciated.
ParticipantYou think Chinese investors are the only ones. That IS how investors operate, because that IS how humans operate.
No, they are not the only ones.. but they have the ‘disease’ worse than cultures where dissent is allowed or even possibly appreciated.
ParticipantYou think Chinese investors are the only ones. That IS how investors operate, because that IS how humans operate.
No, they are not the only ones.. but they have the ‘disease’ worse than cultures where dissent is allowed or even possibly appreciated.
ParticipantYou think Chinese investors are the only ones. That IS how investors operate, because that IS how humans operate.
No, they are not the only ones.. but they have the ‘disease’ worse than cultures where dissent is allowed or even possibly appreciated.
ParticipantYou think Chinese investors are the only ones. That IS how investors operate, because that IS how humans operate.
No, they are not the only ones.. but they have the ‘disease’ worse than cultures where dissent is allowed or even possibly appreciated.
ParticipantChinese government sets the exchange rate by setting the exchange rate against the dollar, while the rest of the world operated on a currency market.
Incorrect.. it does float. You can see the ‘fight’ between trade imbalance and counter trade here.
http://www.x-rates.com/d/CNY/USD/hist2009.html
http://www.x-rates.com/d/CNY/USD/hist2008.html
http://www.x-rates.com/d/CNY/USD/hist2007.html
http://www.x-rates.com/d/CNY/USD/hist2006.htmlIf it was ‘set’ or ‘pegged’ to the dollar, it would not move at all. There are small movements, but the small size is due to the counter trade.
You have to use counter trade to prevent the exchange rate from changing due to trade imbalance.A readjustment is in order. U.S. has to import less and export more (we’ve started doing that),
Definitely.
China needs to consume more and export less. However, China is still spending to stimulate export growth against internal consumption.
Actually they are trying to get consumption up.. but much of the populace are fanatical savers, combined with the large labor pool helping hold wages down and that the state owns most companies. The other thing that China is spending money on is infrastructure (highway systems, water & sewer, and power generation). Their spending on power generation is worth watching. The Chinese seem to realize that they can’t import enough oil for power generation, though they may have enough coal. They are spending a surprising amount on solar electric generation.
By the way, you think our real estate bubble was bad. Wait until the Chinese one pops.
Biggest problem with Chinese investors is that they have been conditioned to think like a group.. so they move/invest as a herd (think ‘real estate never goes down’.. in overdrive without contradictory viewpoints).
ParticipantChinese government sets the exchange rate by setting the exchange rate against the dollar, while the rest of the world operated on a currency market.
Incorrect.. it does float. You can see the ‘fight’ between trade imbalance and counter trade here.
http://www.x-rates.com/d/CNY/USD/hist2009.html
http://www.x-rates.com/d/CNY/USD/hist2008.html
http://www.x-rates.com/d/CNY/USD/hist2007.html
http://www.x-rates.com/d/CNY/USD/hist2006.htmlIf it was ‘set’ or ‘pegged’ to the dollar, it would not move at all. There are small movements, but the small size is due to the counter trade.
You have to use counter trade to prevent the exchange rate from changing due to trade imbalance.A readjustment is in order. U.S. has to import less and export more (we’ve started doing that),
Definitely.
China needs to consume more and export less. However, China is still spending to stimulate export growth against internal consumption.
Actually they are trying to get consumption up.. but much of the populace are fanatical savers, combined with the large labor pool helping hold wages down and that the state owns most companies. The other thing that China is spending money on is infrastructure (highway systems, water & sewer, and power generation). Their spending on power generation is worth watching. The Chinese seem to realize that they can’t import enough oil for power generation, though they may have enough coal. They are spending a surprising amount on solar electric generation.
By the way, you think our real estate bubble was bad. Wait until the Chinese one pops.
Biggest problem with Chinese investors is that they have been conditioned to think like a group.. so they move/invest as a herd (think ‘real estate never goes down’.. in overdrive without contradictory viewpoints).
ParticipantChinese government sets the exchange rate by setting the exchange rate against the dollar, while the rest of the world operated on a currency market.
Incorrect.. it does float. You can see the ‘fight’ between trade imbalance and counter trade here.
http://www.x-rates.com/d/CNY/USD/hist2009.html
http://www.x-rates.com/d/CNY/USD/hist2008.html
http://www.x-rates.com/d/CNY/USD/hist2007.html
http://www.x-rates.com/d/CNY/USD/hist2006.htmlIf it was ‘set’ or ‘pegged’ to the dollar, it would not move at all. There are small movements, but the small size is due to the counter trade.
You have to use counter trade to prevent the exchange rate from changing due to trade imbalance.A readjustment is in order. U.S. has to import less and export more (we’ve started doing that),
Definitely.
China needs to consume more and export less. However, China is still spending to stimulate export growth against internal consumption.
Actually they are trying to get consumption up.. but much of the populace are fanatical savers, combined with the large labor pool helping hold wages down and that the state owns most companies. The other thing that China is spending money on is infrastructure (highway systems, water & sewer, and power generation). Their spending on power generation is worth watching. The Chinese seem to realize that they can’t import enough oil for power generation, though they may have enough coal. They are spending a surprising amount on solar electric generation.
By the way, you think our real estate bubble was bad. Wait until the Chinese one pops.
Biggest problem with Chinese investors is that they have been conditioned to think like a group.. so they move/invest as a herd (think ‘real estate never goes down’.. in overdrive without contradictory viewpoints).
ParticipantChinese government sets the exchange rate by setting the exchange rate against the dollar, while the rest of the world operated on a currency market.
Incorrect.. it does float. You can see the ‘fight’ between trade imbalance and counter trade here.
http://www.x-rates.com/d/CNY/USD/hist2009.html
http://www.x-rates.com/d/CNY/USD/hist2008.html
http://www.x-rates.com/d/CNY/USD/hist2007.html
http://www.x-rates.com/d/CNY/USD/hist2006.htmlIf it was ‘set’ or ‘pegged’ to the dollar, it would not move at all. There are small movements, but the small size is due to the counter trade.
You have to use counter trade to prevent the exchange rate from changing due to trade imbalance.A readjustment is in order. U.S. has to import less and export more (we’ve started doing that),
Definitely.
China needs to consume more and export less. However, China is still spending to stimulate export growth against internal consumption.
Actually they are trying to get consumption up.. but much of the populace are fanatical savers, combined with the large labor pool helping hold wages down and that the state owns most companies. The other thing that China is spending money on is infrastructure (highway systems, water & sewer, and power generation). Their spending on power generation is worth watching. The Chinese seem to realize that they can’t import enough oil for power generation, though they may have enough coal. They are spending a surprising amount on solar electric generation.
By the way, you think our real estate bubble was bad. Wait until the Chinese one pops.
Biggest problem with Chinese investors is that they have been conditioned to think like a group.. so they move/invest as a herd (think ‘real estate never goes down’.. in overdrive without contradictory viewpoints).
ParticipantChinese government sets the exchange rate by setting the exchange rate against the dollar, while the rest of the world operated on a currency market.
Incorrect.. it does float. You can see the ‘fight’ between trade imbalance and counter trade here.
http://www.x-rates.com/d/CNY/USD/hist2009.html
http://www.x-rates.com/d/CNY/USD/hist2008.html
http://www.x-rates.com/d/CNY/USD/hist2007.html
http://www.x-rates.com/d/CNY/USD/hist2006.htmlIf it was ‘set’ or ‘pegged’ to the dollar, it would not move at all. There are small movements, but the small size is due to the counter trade.
You have to use counter trade to prevent the exchange rate from changing due to trade imbalance.A readjustment is in order. U.S. has to import less and export more (we’ve started doing that),
Definitely.
China needs to consume more and export less. However, China is still spending to stimulate export growth against internal consumption.
Actually they are trying to get consumption up.. but much of the populace are fanatical savers, combined with the large labor pool helping hold wages down and that the state owns most companies. The other thing that China is spending money on is infrastructure (highway systems, water & sewer, and power generation). Their spending on power generation is worth watching. The Chinese seem to realize that they can’t import enough oil for power generation, though they may have enough coal. They are spending a surprising amount on solar electric generation.
By the way, you think our real estate bubble was bad. Wait until the Chinese one pops.
Biggest problem with Chinese investors is that they have been conditioned to think like a group.. so they move/invest as a herd (think ‘real estate never goes down’.. in overdrive without contradictory viewpoints).
ParticipantOk, so if China is investing in US stocks and treasuries why would the secretary of state be upset with them?
Ooh I love to dance a little sidestep, now they see me now they don’t-
I’ve come and gone and, ooh I love to sweep around the wide step,
cut a little swathe and lead the people on. Best Little Whorehouse in TexasWhat.. you are expecting them to tell the truth all of a sudden? It is easier to divert attention and blame someone else..
The truth in the matter is a little more complicated… It is hard for any foreigner to invest in the Chinese markets, but it is quite easy for the Chinese to invest in the US markets.
The Chinese can sell to the US and then use that money to buy the means of production in the US. If the US sells to the Chinese, it is harder to buy the means of Chinese production (much is still state owned.. and run, and that which isn’t.. requires that it still be in Chinese control).Also if their economy is taking off, I assume they have inflation,why would they buy US treasuries.
To hold the exchange rate down in their favor. You need a ‘reverse trade’ to offset the trade imbalance. The Chinese initially were buying treasuries only.. but the return on them is pretty poor so they have started to resort to buying stock & bonds in US companies.
Just read that they untied their currency from the dollar today, will that cause us inflation?
Where is the ref on them ‘untying’ their currency?
I had no idea that we import more from Canada than from China,interesting!
Umm.. don’t know where you get your figures… try these..
http://www.census.gov/foreign-trade/top/dst/2009/09/deficit.htmlIf you are referring to this:
http://www.census.gov/foreign-trade/top/dst/2009/09/balance.html
read the fine print at the top.. “The values given are for Imports and Exports added together.”ParticipantOk, so if China is investing in US stocks and treasuries why would the secretary of state be upset with them?
Ooh I love to dance a little sidestep, now they see me now they don’t-
I’ve come and gone and, ooh I love to sweep around the wide step,
cut a little swathe and lead the people on. Best Little Whorehouse in TexasWhat.. you are expecting them to tell the truth all of a sudden? It is easier to divert attention and blame someone else..
The truth in the matter is a little more complicated… It is hard for any foreigner to invest in the Chinese markets, but it is quite easy for the Chinese to invest in the US markets.
The Chinese can sell to the US and then use that money to buy the means of production in the US. If the US sells to the Chinese, it is harder to buy the means of Chinese production (much is still state owned.. and run, and that which isn’t.. requires that it still be in Chinese control).Also if their economy is taking off, I assume they have inflation,why would they buy US treasuries.
To hold the exchange rate down in their favor. You need a ‘reverse trade’ to offset the trade imbalance. The Chinese initially were buying treasuries only.. but the return on them is pretty poor so they have started to resort to buying stock & bonds in US companies.
Just read that they untied their currency from the dollar today, will that cause us inflation?
Where is the ref on them ‘untying’ their currency?
I had no idea that we import more from Canada than from China,interesting!
Umm.. don’t know where you get your figures… try these..
http://www.census.gov/foreign-trade/top/dst/2009/09/deficit.htmlIf you are referring to this:
http://www.census.gov/foreign-trade/top/dst/2009/09/balance.html
read the fine print at the top.. “The values given are for Imports and Exports added together.” -
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