Reply #141: China has to find ways to SPEND all the dollars we send them.

[TahitiNut]

The US trade imbalance with China is staggering - $124,068,200,000 in 2003 alone! That's $124 billion that China has to find a way to spend, either by buying up US assets (Pebble Beach? Arizona? T-Bills?) or by buying commodities like oil on the global market. Maybe they should spend that money on Russian nukes?


If we want to blame someone, we can blame Wal*Mart and the 'supply-side' Enronomics beneficiaries who take that money to other countries.


Just for grins, consider the second largest trade imbalance: $66,032,400,000 with Japan ... only about half the size. (Canada is third.)