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phirang
08-24-08, 05:57 PM
There's an excellent public-policy paper written on this website - the long-n'short of it is the US needs a VAT to control imports and to depreciate the dollar by at least 15%.

http://www.steelnet.org/

THe article is a pdf, and so I'm too lazy to insert it into this post. Do look at the article, tho.

metalman
08-24-08, 09:06 PM
There's an excellent public-policy paper written on this website - the long-n'short of it is the US needs a VAT to control imports and to depreciate the dollar by at least 15%.

http://www.steelnet.org/

THe article is a pdf, and so I'm too lazy to insert it into this post. Do look at the article, tho.

gee, what'd you expect a web site for the steel industry to say, strengthen the dollar, give the business to china? :D

anyway congress hardly needs encouragement to weakening the bonar. question is... when does china finally respond in kind?