Thursday, January 12, 2006

It's All About Timing

From the Daily Reckoning
Scroll down past the advertising and you will see a pretty good article…which includes these snippets.

Last year, China sold about $200 billion more to the United States than the United States sold to them, an increase of 25% over the year before. The Chinese-made goods appeared on retail shelves all over the nation - notably those of Wal-Mart, where "Everyday Low Prices" have helped the lower and middle classes make ends meet…

…They pay more for energy. They pay more for healthcare. Their house-as-ATM financing strategy is breaking down. And they earn less money than they did two years ago. About the only thing they have left are those Everyday Low Prices on manufactured goods from China. And now, along comes a U.S. senator with a plan to force prices up.”

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