Quote:
Originally Posted by dragoon500ly
And that my friend is the $1,000,000 question!!!
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In my personal opinion, based upon what I have read in places like Barrons, the WSJ, and other such periodicals, is they are attached to reality, and won't make the mutual suicide play. What they will do though is more along the lines of a little pain for them, a lot of pain for us. And - not trying to start a political discussion here - with our current efforts to destroy our own business environment in the name of "fairness", it would be a lot of pain. They would most likely redouble efforts to influence Africa and SE Asia, give NK and Iran much more assistance, and along the lines of a little pain for them, sink the value of the Yuan. That would make Chinese imports significantly cheaper, and make it very difficult for us to get our own manufacturing/business house in order. The could also - and with a perfectly straight face - spike the price of oil into low earth orbit by being willing to pay good money for Oil, which they do desperately need to support the expansion of the chinese economy, and subsidize the price of oil domestically. Again, a little pain for them, massive pain for us as long as we remain one of the most expensive countries in which to do business in. This is factual: take the top ten tax rates in the world, and US states take up 7 of them, including 4 of the top 5 - France, the usual suspect for having the highest, places lower than most of those seven, with Denmark placing first. Being that I am currently in the DC area on business, so I don't have the article handy that lists them, but it was posted on the WSJ website about a year or so ago for those that can search their opinion pages over the past couple of years.