Comments on: China Outsourcing and Global Inflation: Are Stable Prices A Thing of the Past?

By: The China Vortex » Mattel Recall Highlights Quality Fade and Hidden Costs of Outsourcing

Sat, 04 Aug 2007 02:14:10 +0000

[...] the US, high product liability judgments against manufacturers and the drive to lower costs have spurred many name brands to get out of the manufacturing of their own products, and shifting [...]

By: Kaiser

Kaiser — Tue, 31 Jul 2007 04:15:58 +0000

Timely, and well-observed. I only wish more people would be making this argument to the likes of Grassley, Baucus, Schumer, Graham–and the candidates (Hillary Clinton and Barack Obama) who’ve signed on to damn China as a currency manipulator. Ironic, I think, that the very people whose interests they think they’re protecting–working class Americans–are the people who are apt to suffer worst from the rising costs of imported goods. Americans have saved over $5 billion dollars in childrens clothing alone since China’s accession to the WTO, I read somewhere. I once asked a currency trader who was arguing against the Schumer-Graham across-the-board punitive tarriff whether the NY senator had done the math. “Of course he’s done the math,” he replied. “The math is, if I push this [legislation] I pick up 20,000 votes, and if I don’t, I drop 10,000.”

By: learnsigma

learnsigma — Tue, 31 Jul 2007 00:33:17 +0000

[...] The China Vortex » China Outsourcing and Global Inflation: Are Stable Prices A Thing of the Pa… – A major economic effect of the debate over China outsourcing which has not been mentioned is that it has helped US companies boost their margins, and most of all, the American economy, keep prices stable even though money supply has grown. Many of these U [...]

By: Robs Place

Robs Place — Tue, 31 Jul 2007 00:31:21 +0000