Homestead mailing list

[Don Bowen <don.bowen AT earthlink.net>]

At 11/29/2004, you wrote:
> > WalMart has reduced its expectations for November as the day after 
> > thanksgiving was not as good as projected.
>
> That may affect China more than the U.S. How about that for globalization?
>
> "Of Wal-Mart's 6,000 global suppliers, experts estimate that as many as 
> eighty percent are based in China."
> http://www.planetizen.com/news/item.php?id=14984

There has been a lot of discussion lately about our balance f trade and 
what it could do to our economy.  One thing always brought up is that as 
our dollar sinks it makes our exports cheaper and will right the balance of 
trade.  There is one major flaw in this.  We have let much of our industry 
run off shore to places like China.  China has pegged its currency to the 
dollar so while we get cheaper so does China and they will reap the 
bonanza.  We are on the brink of a precipice with the twin forces of budget 
and trade deficients about to blow us off.

Don Bowen
Awl Knotted Up Woodworking
Valley Center, CA             http://www.braingarage.com