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143 comments on DrumBeat: August 31, 2007

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WNC Observer on August 31, 2007 - 3:24pm Permalink | Subthread | Parent | Comments top

Just wait, the other shoe will soon drop. The dollar will decline in value, and the cost of imports will go up. TPTB must have decided that higher prices for Chinese junk at Sprawl-Mart & fuel at the gas pump would probably generate less flack than a further decline in house values.

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bluestem on August 31, 2007 - 3:30pm Permalink | Subthread | Parent | Comments top

But hey the "official" U.S. debt limit stands at 8.989 trillion as of yesterday and no talk of raising the limit nor is there any media talking head to ask, "Where's the Beef?". John

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CEOJr1963 on August 31, 2007 - 5:15pm Permalink | Subthread | Parent | Comments top

By those clocks numbers, we will be at 9 trillion dollars by this time next week or sooner. And seeing as we can never pay off this debt, what in the real world is going to happen to the USA in 20 years?

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chemE on August 31, 2007 - 6:46pm Permalink | Subthread | Parent | Comments top

The cost of China sourced goods will go up only if they show some restraint in currency manipulation by buying less dollars and letting the yuan float, as all other major currencies do. So far they have refused to do either. So worry not - that $25 DVD player may soon go to $15.

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143 comments on DrumBeat: August 31, 2007

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