Comments on: Cialis Prescription http://mpettis.com/2010/01/everyone-wants-to-talk-about-currencies/ The most reliable and cheap online pharmacy Tue, 07 Sep 2010 09:30:44 +0000 hourly 1 http://wordpress.org/?v=3.0 By: TheMoneyIllusion » Exchange rate policy and monetary policy http://mpettis.com/2010/01/everyone-wants-to-talk-about-currencies/comment-page-2/#comment-4691 TheMoneyIllusion » Exchange rate policy and monetary policy Mon, 01 Feb 2010 16:31:15 +0000 http://mpettis.com/?p=1146#comment-4691 [...] today I want to respond to one comment I don’t entirely agree with, which he made in a post in early January: For those who remember the 1980s, when many policymakers in Japan insisted that Japan’s trade [...] [...] today I want to respond to one comment I don’t entirely agree with, which he made in a post in early January: For those who remember the 1980s, when many policymakers in Japan insisted that Japan’s trade [...]

]]> By: So you want to learn about China? http://mpettis.com/2010/01/everyone-wants-to-talk-about-currencies/comment-page-2/#comment-4571 So you want to learn about China? Thu, 21 Jan 2010 20:36:50 +0000 http://mpettis.com/?p=1146#comment-4571 [...] his post on currencies. Already some of my students whose parents own their own businesses have been telling me that [...] [...] his post on currencies. Already some of my students whose parents own their own businesses have been telling me that [...]

]]> By: brasil61 http://mpettis.com/2010/01/everyone-wants-to-talk-about-currencies/comment-page-2/#comment-4559 brasil61 Mon, 18 Jan 2010 08:12:12 +0000 http://mpettis.com/?p=1146#comment-4559 "so unless the US only imports things that have only been invented in the past decade, I would guess that much of what it currently imports it used to produce domestically.." Prof. Pettis ..My point.. I'd believe the odds of the US taking back a high percentage of what it used to produce domestically in the past decade are small..that is without a trade war which also risk more costly real wars and like it or not both sides are stuck with one another. I also believe that the entire arrangement was done to the detriment of the US in the long term and benificial in the short term ...for China it is and has been long and short term HUGE win. PS love the blog and as so many others stated ..the long posts are GREAT! thanks for your work.. “so unless the US only imports things that have only been invented in the past decade, I would guess that much of what it currently imports it used to produce domestically..”

Prof. Pettis ..My point.. I’d believe the odds of the US taking back a high percentage of what it used to produce domestically in the past decade are small..that is without a trade war which also risk more costly real wars and like it or not both sides are stuck with one another. I also believe that the entire arrangement was done to the detriment of the US in the long term and benificial in the short term …for China it is and has been long and short term HUGE win.

PS love the blog and as so many others stated ..the long posts are GREAT! thanks for your work..

]]> By: purple http://mpettis.com/2010/01/everyone-wants-to-talk-about-currencies/comment-page-2/#comment-4558 purple Mon, 18 Jan 2010 08:01:19 +0000 http://mpettis.com/?p=1146#comment-4558 China seems to think its ASEAN trade pact will help reduce export reliance away from the EU/USA. It will probably decimate entire industries in the ASEAN countries , but I gather ASEAN raw materials sectors think they will benefit. China seems to think its ASEAN trade pact will help reduce export reliance away from the EU/USA. It will probably decimate entire industries in the ASEAN countries , but I gather ASEAN raw materials sectors think they will benefit.

]]> By: Ted Kaehler http://mpettis.com/2010/01/everyone-wants-to-talk-about-currencies/comment-page-2/#comment-4557 Ted Kaehler Mon, 18 Jan 2010 06:53:21 +0000 http://mpettis.com/?p=1146#comment-4557 Dear Prof. Pettis, Chinese policy is to invest heavily in export capacity at a time when the US cannot resume its former high level of imports. You have so clearly pointed out the long term problems with this misguided investment. Is China's policy complete folly? Oddly, the answer may be 'No'. There is another outcome that makes perfect sense. China will undercut all others exporters. It will increase its trade with other partners by offering very low prices. Its supply of cheap labor will continue. Internal supply chains and expertise are already in place. As China becomes the largest manufacturer in a particular kind of product, the "learning effect" will allow it to keep costs lower than other producers. China will grow its exports by taking business away from other exporters. It will become the largest trading partner of almost every country. Exports to the US do not need to grow for this policy to work. As you have mentioned, other exporters will be angry. They will not be able to do much about it, however. As long as export has some growth capacity left, China will exploit it. China's trade history with US is just the first chapter, and it is going to be repeated with other countries across a wide spectrum of products. Dear Prof. Pettis, Chinese policy is to invest heavily in export capacity at a time when the US cannot resume its former high level of imports. You have so clearly pointed out the long term problems with this misguided investment. Is China’s policy complete folly? Oddly, the answer may be ‘No’. There is another outcome that makes perfect sense.
China will undercut all others exporters. It will increase its trade with other partners by offering very low prices. Its supply of cheap labor will continue. Internal supply chains and expertise are already in place. As China becomes the largest manufacturer in a particular kind of product, the “learning effect” will allow it to keep costs lower than other producers.
China will grow its exports by taking business away from other exporters. It will become the largest trading partner of almost every country. Exports to the US do not need to grow for this policy to work. As you have mentioned, other exporters will be angry. They will not be able to do much about it, however.
As long as export has some growth capacity left, China will exploit it. China’s trade history with US is just the first chapter, and it is going to be repeated with other countries across a wide spectrum of products.

]]> By: scheng1 http://mpettis.com/2010/01/everyone-wants-to-talk-about-currencies/comment-page-1/#comment-4556 scheng1 Sun, 17 Jan 2010 09:35:00 +0000 http://mpettis.com/?p=1146#comment-4556 I think it's more important for China to consolidate the Hong Kong and Macau currencies into RMB. It's weird for a country to have three different currencies in use. After the consolidation, then it can decide on the appreciation of Yuan. I think it’s more important for China to consolidate the Hong Kong and Macau currencies into RMB. It’s weird for a country to have three different currencies in use.
After the consolidation, then it can decide on the appreciation of Yuan.

]]> By: Friday Morning « the news links http://mpettis.com/2010/01/everyone-wants-to-talk-about-currencies/comment-page-1/#comment-4552 Friday Morning « the news links Fri, 15 Jan 2010 14:45:47 +0000 http://mpettis.com/?p=1146#comment-4552 [...] Pettis: Everyone wants to talk about currencies – China Financial Markets [...] [...] Pettis: Everyone wants to talk about currencies – China Financial Markets [...]

]]> By: The Gold Standard » Google eclipses PBoC http://mpettis.com/2010/01/everyone-wants-to-talk-about-currencies/comment-page-1/#comment-4545 The Gold Standard » Google eclipses PBoC Wed, 13 Jan 2010 18:03:57 +0000 http://mpettis.com/?p=1146#comment-4545 [...] think this particular post of Michael Pettis is well worth a read. 13 Jan 2010 | By V Anantha Nageswaran | [...] [...] think this particular post of Michael Pettis is well worth a read. 13 Jan 2010 | By V Anantha Nageswaran | [...]

]]> By: MarcoPolo http://mpettis.com/2010/01/everyone-wants-to-talk-about-currencies/comment-page-1/#comment-4538 MarcoPolo Wed, 13 Jan 2010 00:51:01 +0000 http://mpettis.com/?p=1146#comment-4538 @ michael & DC re: trade war http://www.ft.com/cms/s/0/f65a4ba6-ffd7-11de-ad8c-00144feabdc0.html @ michael & DC

re: trade war

http://www.ft.com/cms/s/0/f65a4ba6-ffd7-11de-ad8c-00144feabdc0.html

]]> By: Md http://mpettis.com/2010/01/everyone-wants-to-talk-about-currencies/comment-page-1/#comment-4533 Md Tue, 12 Jan 2010 14:14:06 +0000 http://mpettis.com/?p=1146#comment-4533 Long posts or not, your blog is fantastic. Really good information... In general, a good mindset for a writer is to think "No one wants to read your s**t," but your s**t is good, so it is an exception to the rule... QUESTION: Regarding "Hot Money," is almost all of this from Chinese nationals? Long posts or not, your blog is fantastic. Really good information… In general, a good mindset for a writer is to think “No one wants to read your s**t,” but your s**t is good, so it is an exception to the rule…

QUESTION:
Regarding “Hot Money,” is almost all of this from Chinese nationals?

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