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31. Re: NY Times on 38 Studios Apr 22, 2013, 14:31 Cutter
RollinThundr wrote on Apr 22, 2013, 14:13:
Beamer wrote on Apr 22, 2013, 11:24:
LittleMe wrote on Apr 22, 2013, 11:22:
Beamer wrote on Apr 22, 2013, 11:09:
Yes, the market supports prices being through the roof and athletes being paid extreme salaries.
Much like the market supports the goods you buy being manufactured in China and the US-based CEOs being paid extreme salaries.

Well a big contributor to our manufacturing base moving to China is, imo, due to Fed (reserve) policy and our Federal debt. The Chinese and many other countries own a huge amount of our debt. Yes, it's a market force, but it's centrally planned and managed. So this isn't free-market economics at work in this case. It's anti free-market economics at work.

8%. China has 8% of our debt.

Your analysis of the cause is incorrect.

Try 26% of our debt is owed to China, it's far higher than 8% not sure who's ass you're pulling that number out of.

You're wrong - as usual - 8% is the correct number. Total foreign ownership of US debt is 46%.
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