Don't know what to Think

[woodchip]

Chinese are buying the Chicago Stock Exchange:

http://www.bloomberg.com/news/articles/ ... -led-group

[callmeslick]

it won't have much effect on US stock sales, but these buyers I suspect would like to move Chinese equities onto that exchange for US investors leery of the various Asian exchanges.

[Tunnelcat]

And so the takeover of America by the Chinese begins.....

[callmeslick]

And so the takeover of America by the Chinese begins.....

next we'll see the installation of Sharia Law....oh, wait, that's a whole different paranoia.

[Spidey]

And so the takeover of America by the Chinese begins.....

Begins?

[callmeslick]

it was facetious, Spidey. They need us far more than the other way around. Don't buy into the paranoia.

[woodchip]

it was facetious, Spidey. They need us far more than the other way around. Don't buy into the paranoia.

Ever go into a chain store like Meijers and take a look at where the products are made? Virtually everything is made in China. So in one way you may be right, but the American consumers need China.

[callmeslick]

it was facetious, Spidey. They need us far more than the other way around. Don't buy into the paranoia.

Ever go into a chain store like Meijers and take a look at where the products are made? Virtually everything is made in China. So in one way you may be right, but the American consumers need China.

stop making stuff there, take it to, say Vietnam(where my wife's new Lane's End sweater was made), or a host of other countries, and China implodes.

[Spidey]

Until they finish building that billion plus person consumer base, they are trying for.


Like I said before, once they reach that goal, they only need to nationalize their industry, and we are the ones screwed...will that actually happen...can't say, but it's not out of the realm of possibilities.

[callmeslick]

it isn't out of the realm of possibilities that UFOs will drop invading aliens on the planet and destroy life as we know it. I can't speak for others, but I don't lie awake nights fearing that, nor that China could approach a huge consumer base without a radical change from collectivist communism. Frankly, I fear the power of a consumer driven Indian economy more than I do the Chinese, who are largely serving merely as a source of cheap labor.

[Spidey]

India’s population is far too lazy to ever become a real threat.




Kidding…

[woodchip]

it was facetious, Spidey. They need us far more than the other way around. Don't buy into the paranoia.

Ever go into a chain store like Meijers and take a look at where the products are made? Virtually everything is made in China. So in one way you may be right, but the American consumers need China.

stop making stuff there, take it to, say Vietnam(where my wife's new Lane's End sweater was made), or a host of other countries, and China implodes.

I'm talking about the Big box stores. Literally everything I've looked at has a china sticker on it. Not talking about smaller specialty stores.

[callmeslick]

that can easily change.

[woodchip]

It could change but not easily. Trump might facilitate the change tho.

[Spidey]

I doubt taking our buying habits from one low cost labor force to another will solve anything. Might have some small affect on China, but won’t do a damn thing to help us.

[callmeslick]

It could change but not easily. Trump might facilitate the change tho.

how? Only economic pressure from the markets will do that.

[callmeslick]

I doubt taking our buying habits from one low cost labor force to another will solve anything. Might have some small affect on China, but won’t do a damn thing to help us.

very true. All that would change is which low end economy we're supporting.

[woodchip]

It could change but not easily. Trump might facilitate the change tho.

how? Only economic pressure from the markets will do that.

And yet in another thread you said Crazy Bernie would fix the economy. Between the 2 I think Trump is the only sane choice.

[callmeslick]

sorry, Trump hasn't shown the first clue that he knows much other than how to MANIPULATE the economy and talk a lot of tough smack he can't back up. Bernie grasps that the paradigm has to shift.

[Spidey]

I doubt if Sanders would be honest enough to admit where a large part of the problem lies, considering his mantra, and where he seems to be placing all of the blame.

Millions of people are involved in this economy, you can’t fix it simply dealing with a relatively few of them.

[callmeslick]

I doubt if Sanders would be honest enough to admit where a large part of the problem lies, considering his mantra, and where he seems to be placing all of the blame.

Millions of people are involved in this economy, you can’t fix it simply dealing with a relatively few of them.

he wouldn't be dealing with just a few. He would be shifting the whole ball of wax, and likely returning to the model FDR had in place as we exited the 1940s and entered the 1950s. Carried forward by the next 6 Presidents, that paradigm, as I noted in another thread, enabled creation of wealth for everyone(even the rich), development of a robust middle class and the expansion and modernization of the national economy. Win, Win, Win. And, as John Kasich noted last night, we need more wins, and less whines.

[Spidey]

As far as Roosevelt’s “socialism”…to start with much of what he did wasn’t even socialism, but that is a different argument that no one seems to acknowledge.

Roosevelt’s socialism relies heavily on healthy capitalism, and that fact is constantly overlooked in an attempt to make socialism look better than it is, and get undue credit.

I guess the idea is to make it palatable, when the real deal is proposed.

.......

And you can’t change an entire economic “ball of wax” without changing everyone’s habits, and that won’t happen while our idea of consumer education is…where to get the best prices.

[callmeslick]

As far as Roosevelt’s “socialism”…to start with much of what he did wasn’t even socialism, but that is a different argument that no one seems to acknowledge.

Roosevelt’s socialism relies heavily on healthy capitalism, and that fact is constantly overlooked in an attempt to make socialism look better than it is, and get undue credit.

I guess the idea is to make it palatable, when the real deal is proposed.

.......

And you can’t change an entire economic “ball of wax” without changing everyone’s habits, and that won’t happen while our idea of consumer education is…where to get the best prices.

the last part might be true, but Roosevelt's model is the original model of Social Democracy, which the Scandanavians and others have embellished. Theirs, too, relies on a robust capitalism. You see, all or nothing capitalism or socialism are both dead ends for most people in a society. The first destroys the economies of the individual, the second destroys the incentives to produce. Every functional modern nation relies on a SMART mixture of both.