Food for thought for readres to savvy: Human behavior and Decision making

A bond maestro looks ahead to China and inflation: Washington Post, July 8, 2007 page F1 , F4. One of the reasons inflation has been so low in the past few years is because of Chinese labor. It is obvious that the Chinese currency is appreciating. China, Japan and Saudi Arabia and Norway...own 60% of every Treasury that is outstaanding. They control, for the most part, the market. My comment: I have sent my past blogs to the same effect in www.baidu.com Xie Shihao a.k.a. Francis Shieh. July 8, 2007
Morris Goldstein and Nicholas Lardy are senior fellows at the Paterson Institute for International Economics. Washington Post,July 8, 2007 page A13: Fixing the US trade deficit is not an either or choice between changing the exchange rate in China and reducing the deficit in the US budget. Both are needed. My comments: When ae are involved in Iraq,our federal deficits are increasing. When China's products are being bought by American consumers,our trade deficits are increasing as well. Such fiscal realities can never be solved due to circumstances beyond our control at the present time and in the days to come. Let us wait and see the happenings in 2007 and beyond. Xie Shihao on Sunday, July 8, 2007