Discussion in 'Economy' started by Neubarth, Sep 30, 2010.
Who Wins in the end?
that depends on everything. Lots of commentary posted about that very question in another thread.
First and foremost I would like to see China lose as in realize large depreciation of their reserves and be forced to break the yuan peg.
But there is no way to predict the scope and direction of the fallout because there are so many potential ways in which global debasement could trigger unintended consequences.
Winners. (from most debasement coming to the least).
That's my picks, in the END. The trade deficits and politics have a lot to do with it.
On the other hand EUro might come before Japan.
Race to the Bottom
He is describing classic mercantilism and the whole debasement meme is based on classic mercantilism. All of which is directly at odds with market liberalization and the export driven national economies within a globalized economy.
I will say it again: nation states to globalization are like EU member states to the EU. Same inherent contradictions, same inherent weaknesses.
Separate names with a comma.