China, Y2k and the economy

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I read a recently released report about how China was verrrry far behind in y2k preps and were expected to suffer large infrastructure problems. I also heard on the financial news that several economists expect continued strong economic growth for the US over the next several months. My question is, if just China (forget about the rest of the world, it's too depressing) were to radically curtail it's trading with us for say a few months, wouldn't that in itself cause us rather large economic problems? I know China ships us products that are non-necessative products, but do they ship us much in the way of necessary products? Would the curtailment of things shipped from China be inflationary for us? Thanks

-- Richard (trubeliver@webtv.net), September 09, 1999

Answers

That's right. Most of our goods are imported from the very nation's that are going to fail big time. Of course that is if you can believe the DOOMER groups like the CIA, UN, IEA, and the senate committee to name a few. MT shelves by mid Jan. Inflation? no. Depression? no. Gas lines? no. Goods shortages? no. Civil unrest? no. Just a Bump in The Road, for America is an island. Yep.

-- CygnusXI (noburnt@toast.net), September 09, 1999.

The US imports clothing, linens, footwear, and small electronic appliances from China. I'm sure there's much, much more but I don't have all my bookmarks on my new computer. Check the US Chamber of Commerce site which breaks down imports/exports by country.

-- Old Git (anon@spamproblems.com), September 09, 1999.

Yep, you can look at just one country's problems and see that it has serious implications for your own country. But then when you realise that most countries have their own problems on a similar scale (more or less), then it's blindingly obvious that the overall effects on the global financial system are going to be so severe that they will leave every country pretty much stuffed. The global economy will be rattled by every problem, all those problems will be collected and amplified by the workings of the money system, and then the problem will be re-distributed to the four corners of the globe.

-- number six (BITR?@maybe,_if_you're_an_orang-utan.com), September 10, 1999.

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