tag:blogger.com,1999:blog-2761684730989137546.post6530871528895114866..comments2024-03-29T09:32:34.853-04:00Comments on Mike Norman Economics: Has China decided to allow the renminbi to depreciate against the dollar?mike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-2761684730989137546.post-27440345035006239722008-12-05T10:31:00.000-05:002008-12-05T10:31:00.000-05:00Yes, and the loans are also helping Daimler, Volks...Yes, and the loans are also helping Daimler, Volkswagon and BMW. Probably Toyota, Honda, Nissan and Hundai too!mike normanhttps://www.blogger.com/profile/03296006882513340747noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-68255892153731741902008-12-05T10:12:00.000-05:002008-12-05T10:12:00.000-05:00googleheim said... An important effect of a strong...googleheim said... <BR/>An important effect of a strong dollar that the Norman explains should spike ever so stronger ( although the fed swaps are preventing an all out apex of the USD ) is that during the global down turn it would make it harder for foreign entities to gobble up US companies.<BR/><BR/>e.g. : French electricity company outbiding Warren Buffett for the nuclear plant on the sale blocks. When Argentina got privatized in the 90's, many utilities were sold off to European subsized if NOT nationalized companies. So what was the point of privatization ? so some other nation's nationalized company could buy it ? <BR/><BR/>completely contradictory <BR/><BR/>We don't need French control of 1 single nuclear reactor here.<BR/><BR/>Are the French trying to prohibit Warren Buffett's object model of responsible free marketism from showing if not revealing that French subsized if not nationalized nuclear power is inefficient ?<BR/><BR/>Evidently the dollar is indeed not strong enough, and what are we to expect from the Japanese building more Toyota plants in non-union south ?<BR/><BR/>Historically Japanese rich keep their money outside country so actually they probably got pinched by the YEN strengthening against the U$ Dollar<BR/><BR/>However, as a sovereign country can they not print money without debt obligations to spend their way out of doldrums - and that spending is in the form of investment in overseas places like the USA ?<BR/><BR/>The YEN is on top of the heap right now.<BR/><BR/>December 3, 2008 10:38 PM<BR/><BR/><BR/> googleheim said... <BR/>What are the chances that Paulson's and Bernanke's loans to European banks are helping the French finance their Nuclear Electricity company to OUTBID Warren Buffett's bid for the nuclear power plant for sale here in the USA ?<BR/><BR/>This is similar to IMF in the 1990's : loan money to very corrupt Korea state so they can build semiconductor factories that make memory below market prices which directly affected AMD and others in the USA.<BR/><BR/>We ( via IMF ) subsidized Korean companies to undercut our own companies while Korean officials were bankrupting and skimming their way to the bailout !<BR/><BR/>Are we doing the same with the current world-wide bailouts ???googleheimhttps://www.blogger.com/profile/14459089745473598235noreply@blogger.com