Friday, September 21, 2007
US interest rate cut=weakening dollar=inflation=recession?
Thai auto manufacturers to raise export prices to US
Thai carmakers are planning to increase prices of vehicles exported to the us in the belief that the US dollar may continues to weaken against other currencies for another 2 years.
Posted by sold out @ 08:19 AM (503 views)
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dohousescrashinthewoods says:
Slightly off topic, but I just spotted an article on the FT here saying that Mattel has apologised to China because the toys it recalled weren’t in fact defective and it was a flaw in their own design.
I remember that story broke at about the same time China “mentioned” it might sell US bonds.
What’s the betting this was a bit of trade-warring and threats? It looked suspect to me at the time that the US would call into question China’s biggest revenue stream (exports to the US) at the time that China called into question the US’s biggest revenue stream (selling paper to China).