2013 DB51-Faust Don't Know Jack Marketing Thread

[H. Bell]

Yep, deal is only good for short term. Bad for long term.

[jb197]

Chinese government and Chinese companies combined hold 7.5% of US debt. This number is significant but smaller than I would have guessed given all the rhetoric about the Chinese controlling us.

It is not in the best interest of china to "call" or quickly sell its' US debt. Chinese exports to the EU have been falling while exports to the US are still rising. If the Chinese were to stop buying and also sell all its' US debt it would hurt the US economy and in turn crush their own.

[jabber1]

Chinese government and Chinese companies combined hold 7.5% of US debt. This number is significant but smaller than I would have guessed given all the rhetoric about the Chinese controlling us.

It is not in the best interest of china to "call" or quickly sell its' US debt. Chinese exports to the EU have been falling while exports to the US are still rising. If the Chinese were to stop buying and also sell all its' US debt it would hurt the US economy and in turn crush their own.

I'd read that the Chinese were shrinking their portion of the US debt that they held but didn't know it had gotten this low.

Did you have an easy to post resource that you can post that shows the breakdown?

[glowplug]

https://www.youtube.com/watch?v=JlkLhVo3PbY

[jb197]

I'd read that the Chinese were shrinking their portion of the US debt that they held but didn't know it had gotten this low.

Did you have an easy to post resource that you can post that shows the breakdown?

The number came from a Forbes article that I believe was dated January 2013. I did not verify with another source. I believe it came from a google search for "can china call US debt".

[jb197]

I think the percentage seems low because we tend to forget that the largest US debt holders are Americans. China is our largest foreign creditor and would hold a much greater portion of our foreign debt which may be a number we are more accustomed to hearing.

[jabber1]

http://www.freerepublic.com/focus/bl.../3006205/posts

[glowplug]

Chinese Poultry Plant Fire Kills 119
06/03/2013

An estimated 119 people were killed and many injured in a fire June 3 at a chicken processing facility in northern China. News reports said the tight layout of the plant, high number of employees and possible locked doors were contributors to the death toll.

And it comes a week after Smithfield Foods Inc., America’s largest pork processor, announced a deal to be acquired by the Chinese pork processor, Shuanghui International Holdings Ltd.

Reports based on Chinese media said the fire at Jilin Baoyuanfeng Poultry Co. – in Jilin province's Mishazi township, north of the provincial capital Changchun – was caused by an ammonia leak that sparked an explosion.

"In my memory, this is the most serious accident in the meat-processing sector," said He Zhonghua, quoted by the Wall Street Journal. He is an analyst with China Meat Industry Network, a consultancy owned by the semiofficial China Meat Industry Association.

Huffington Post said the fire was China's worst industrial disasters since a September 2008 mining cave-in that claimed 281 lives. The news source also quoted a Chinese news broadcast that said the fire broke out during a change of shifts when about 350 workers were at the plant.

[glowplug]

http://www.dtnprogressivefarmer.com/....do?symbolicNa...


Moe-Larry-Curly still predict bumper yields...........lol.