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I'm embarrassed to say that I haven't been paying attention to it.  It's been a busy week, but keep us posted.  All I want to hear is that the US is going to work with China to gradually put an end to the pegged yuan.  The trade deficit hit another record last month, and a lack of floating rates is going to put us all in economic danger if it continues far into the future.

I'm okay with China gaining jobs from us, because I don't see it as a big threat in the long run if we keep pace with history (maybe a big "if"), provided we all play by the rules necessary to work against too great an imbalance, like the one we're experiencing now.

The one good point is that, with the dollar rising against the euro and sterling (and, therefore, a rising yuan again the two), Europe should be able to grab some export stimulus, which, combined with gas prices stabilizing a bit after Katrina, should help the recovery that I think will begin in the not-too-distant future.

Conservatives want live babies so they can raise them to be dead soldiers. - George Carlin

by Drew J Jones (myfriends@thisispancakes.com) on Thu Dec 15th, 2005 at 07:53:06 PM EST
[ Parent ]
That said, I'd be willing to overlook the problem for a while if American officials would force China to get serious about human rights.

Conservatives want live babies so they can raise them to be dead soldiers. - George Carlin
by Drew J Jones (myfriends@thisispancakes.com) on Thu Dec 15th, 2005 at 07:58:22 PM EST
[ Parent ]
and who's going to police America's human rights record?
by ------- on Sat Dec 17th, 2005 at 11:45:49 AM EST
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