$98 per barrel oil

("kontiki" wrote)
If the US actually had a *real* energy policy to _include_ more
production, nuclear and alternatives then there would be immediate
downward pressure on worlwide prices.


One word: China

More words:

It's 1907 and Europe doesn't quite have a handle on the scope of what's
happening in the (industrial) U.S.

It's 2007 and the U.S. doesn't quite have a handle on the scope of what's
happening in (industrial) China.


Montblack

Montblack wrote:
("kontiki" wrote)
If the US actually had a *real* energy policy to _include_ more
production, nuclear and alternatives then there would be immediate
downward pressure on worlwide prices.


One word: China

More words:

It's 1907 and Europe doesn't quite have a handle on the scope of what's
happening in the (industrial) U.S.

It's 2007 and the U.S. doesn't quite have a handle on the scope of what's
happening in (industrial) China.


Montblack



Ohhh you're right. China. Then there's no hope. The US should
just give up. We can't win cuz China's just too big. They're gonna
win, its no use. Lets just raise taxes and give up... hell,
we may as well just sell the United States to them, its all over.

kontiki wrote in
:

Montblack wrote:
("kontiki" wrote)
If the US actually had a *real* energy policy to _include_ more
production, nuclear and alternatives then there would be immediate
downward pressure on worlwide prices.


One word: China

More words:

It's 1907 and Europe doesn't quite have a handle on the scope of
what's happening in the (industrial) U.S.

It's 2007 and the U.S. doesn't quite have a handle on the scope of
what's happening in (industrial) China.


Montblack



Ohhh you're right. China. Then there's no hope. The US should
just give up. We can't win cuz China's just too big. They're gonna
win, its no use. Lets just raise taxes and give up... hell,
we may as well just sell the United States to them, its all over.



Good grief.

Bertie

"Montblack" wrote in
:

("kontiki" wrote)
One word: China

More words:

It's 1907 and Europe doesn't quite have a handle on the scope of what's
happening in the (industrial) U.S.

It's 2007 and the U.S. doesn't quite have a handle on the scope of what's
happening in (industrial) China.

So illuminate. What exactly is the scope of what's happening in (industrial)
China?

Judah wrote:
"Montblack" wrote in
:

("kontiki" wrote)
One word: China

More words:

It's 1907 and Europe doesn't quite have a handle on the scope of what's
happening in the (industrial) U.S.

It's 2007 and the U.S. doesn't quite have a handle on the scope of what's
happening in (industrial) China.

So illuminate. What exactly is the scope of what's happening in (industrial)
China?

Well for starters, the government run banks are cutting back on providing
funding to companies selling things at a loss.

As a result nonperforming loans as a percentage of outstanding loans
are down to 35% from the 50% of a year or so ago.

The total amount of nonperforming loans has been estimated to be as
high as approximetly $1 trillion.

Expect higher costs for Chinese goods as borrowers are expected to
make profits and repay their loans in the future.

Either that, or the whole Chinese economy is going to implode on bad
debt that exceeds the GNP.

--
Jim Pennino

Remove .spam.sux to reply.

wrote in :

So illuminate. What exactly is the scope of what's happening in
(industrial) China?

Well for starters, the government run banks are cutting back on
providing funding to companies selling things at a loss.

As a result nonperforming loans as a percentage of outstanding loans
are down to 35% from the 50% of a year or so ago.

The total amount of nonperforming loans has been estimated to be as
high as approximetly $1 trillion.

Expect higher costs for Chinese goods as borrowers are expected to
make profits and repay their loans in the future.

Either that, or the whole Chinese economy is going to implode on bad
debt that exceeds the GNP.

What does the 21st century equivalent of the dot-com bust have to do with the
price of tea in... well... China?

Judah wrote:
wrote in :

So illuminate. What exactly is the scope of what's happening in
(industrial) China?

Well for starters, the government run banks are cutting back on
providing funding to companies selling things at a loss.

As a result nonperforming loans as a percentage of outstanding loans
are down to 35% from the 50% of a year or so ago.

The total amount of nonperforming loans has been estimated to be as
high as approximetly $1 trillion.

Expect higher costs for Chinese goods as borrowers are expected to
make profits and repay their loans in the future.

Either that, or the whole Chinese economy is going to implode on bad
debt that exceeds the GNP.

What does the 21st century equivalent of the dot-com bust have to do with the
price of tea in... well... China?

The first line, your original question, i.e. "What exactly is the scope
of what's happening in (industrial) China?"

--
Jim Pennino

Remove .spam.sux to reply.

wrote:
The total amount of nonperforming loans has been estimated to be as
high as approximetly $1 trillion.


As of this afternoon, our debt exceeded $9 trillion.......

ManhattanMan wrote:
wrote:
The total amount of nonperforming loans has been estimated to be as
high as approximetly $1 trillion.


As of this afternoon, our debt exceeded $9 trillion.......

Apples and oranges.


--
Jim Pennino

Remove .spam.sux to reply.

"ManhattanMan" wrote in news:OQPYi.1979$rN1.919
@newsfe18.lga:

wrote:
The total amount of nonperforming loans has been estimated to be as
high as approximetly $1 trillion.


As of this afternoon, our debt exceeded $9 trillion.......

Your owe $9 trillion?

Holy cow! How are you going to ever pay that back?