cavanami Posted December 2, 2008 Report Share Posted December 2, 2008 The USD getting slightly weaker against the baht, from yesterday's rate. Link to comment Share on other sites More sharing options...
WorldFun Posted December 2, 2008 Report Share Posted December 2, 2008 I'm afraid no one has it figured so that leaves the market more or less to the gamblers Link to comment Share on other sites More sharing options...
drogon Posted December 2, 2008 Report Share Posted December 2, 2008 Yep worlfun, I suppose if someone had all figured it out correctly he would be the richest in the world....But I don't wish to be in th USA if one day their "sponsors" decide to throw the USD to the junkyard....(China for example) Link to comment Share on other sites More sharing options...
ThaiHome Posted December 3, 2008 Report Share Posted December 3, 2008 That would rather self destructive don't you think? They only consume like 10% of what they produce,, who would buy the rest? TH Link to comment Share on other sites More sharing options...
drogon Posted December 3, 2008 Report Share Posted December 3, 2008 Yes maybe. USA are the biggest customer of China but it also remains to see if China can grow "bigger". Its middle class is growing at a very fast rate so what will happen when China has the biggest middle class in the world and will build an economy based on services rather than on exporting "basic" finished products? Time will tell and we will see what the new US government will do. Link to comment Share on other sites More sharing options...
Weird Posted December 7, 2008 Report Share Posted December 7, 2008 China won't change it's exports for a long time. Even if the middle class is growing you still have many generations who will be doing the "basic" finished products. Enless you expect all of them to decide to get an education when the "basic" stuff is all they have been doing their whole life. Link to comment Share on other sites More sharing options...
drogon Posted December 7, 2008 Report Share Posted December 7, 2008 Yes, exactly like the USA and most western countries (except Scandinavian countries).... Chin has its own internal and social problems and it is left to see if the decrease in demand for finished products will hurt China a lot... But if China doesn't stumble along the way I expect to see the next big power from an economy point of view during my lifetime. (of course we can't underestimate the USA as their main quality is resilience) Link to comment Share on other sites More sharing options...
cavanami Posted December 7, 2008 Report Share Posted December 7, 2008 For China to be the largest exporter/manufacturer in the world, then need to keep a HUGE poor class, they need to keep the $1 a day workers pumping out the cheap products. The middle class will continue to grow but at a very slow pace. Without the poor class of people, China will not be able to maintain its position in the world...IMO. Link to comment Share on other sites More sharing options...
FarangFatal Posted December 9, 2008 Report Share Posted December 9, 2008 YEP, THE GOOD OLE GREEN BACK IS MOVING AGAIN. I RMEMBER WHEN THE USD GOT A BETTER RATE THAN THE EURO IN LOS.... SOON TO COME, WHEN YOU HAVE DOLLARS IN LOS YOU'LL BE THE BOSS! Link to comment Share on other sites More sharing options...
drogon Posted December 9, 2008 Report Share Posted December 9, 2008 You obviously have a problem with your caps. This is also a selfish statement as if it ever happens there are not that many Americans still able to travel (with the current level of unemployment and the state of the economy) -> you might well be the only "boss".... Link to comment Share on other sites More sharing options...
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