|
|
|
|||
|
| ||||
| ||||
| ||||
|
|
|
Bush Administration finally serves ultimatum on China over illegal subsidies start of trade war and effects on stocks, bond, gold and dollar
That is China. They do what they want to do. But they will pose they are cooperating to buy more time. The Bush Administrtion must be applauded as the first American Administation since the days of John Kennedy who are looking at China finally with the right binaculars.
China is finally getting reffered to WTO for blatant violation of tarde agreements. International think tanks believe, many other countries will cite China for many trade violations,
China engages in blatant alleged subsidies for manufacturing exports. India does the same with IT exports and call center outsourcing.
China will first try to buy time again as they doing with Paulson. They know the trick how to deal with naοve Americans. This time bush Administartion may not be easy to trick. China will finally start retaliating. That will be extremely beneficial for dollar and worst for the bonds. The bond yields will rise as they all on sudden will stop buying US trasuries. Stocks will start a downward trend as the world economies will get depressed. China and India will suffer the most as those two emerging nations have the largest bubbles.
The effect on gold is bad. The trade war will accelerate the deflation all over the world. Gold prices will fall fast. The biggest gainer is the currency with largest purchasing power. Candian dollar will be the best performer. Us Dollar will be next best major currecy in performance.
SMART LIVING & INVST. ARTICLES
|
|
| Click here to get ad specs and place your ad or Click here to contact the advertisement department |
Send Letters to the Editor
|