Comments on: The problem of economic virtue http://www.davosnewbies.com/2009/02/24/the-problem-of-economic-virtue/ A year-round Davos of the mind, written since 1999 by Lance Knobel Sat, 28 Jan 2012 12:38:33 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Lance Knobel http://www.davosnewbies.com/2009/02/24/the-problem-of-economic-virtue/comment-page-1/#comment-322218 Lance Knobel Wed, 25 Feb 2009 22:39:25 +0000 http://www.davosnewbies.com/?p=2304#comment-322218 The thing that worries me about China is the expectation that they'll have a year of decent, if not great, growth. Given that production and exports are falling off a cliff there, as everywhere, I don't see it happening. And that raises the issue of rising unemployment, particularly among the millions of migrant workers, unrest and greater repression. Not a pretty thought. The thing that worries me about China is the expectation that they’ll have a year of decent, if not great, growth. Given that production and exports are falling off a cliff there, as everywhere, I don’t see it happening. And that raises the issue of rising unemployment, particularly among the millions of migrant workers, unrest and greater repression. Not a pretty thought.

]]> By: Joshua Allen http://www.davosnewbies.com/2009/02/24/the-problem-of-economic-virtue/comment-page-1/#comment-322215 Joshua Allen Wed, 25 Feb 2009 22:36:07 +0000 http://www.davosnewbies.com/?p=2304#comment-322215 Japan is second, if not first -- both Japan and Germany top China in exports. And to support your point, Japan is taking a beating: http://money.cnn.com/2009/02/25/news/international/japan_deficit/index.htm?postversion=2009022504 The situation with China is very interesting. They are on a spending spree buying up mines and oilfields around the world right now. Essentially converting their dollars into natural resources. So if the dollar devalues, they would be in relatively better shape than anyone else. Japan is second, if not first — both Japan and Germany top China in exports. And to support your point, Japan is taking a beating: http://money.cnn.com/2009/02/25/news/international/japan_deficit/index.htm?postversion=2009022504

The situation with China is very interesting. They are on a spending spree buying up mines and oilfields around the world right now. Essentially converting their dollars into natural resources. So if the dollar devalues, they would be in relatively better shape than anyone else.

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