tag:blogger.com,1999:blog-4185740361476149540.post603445967163516664..comments2024-02-15T00:40:37.565-08:00Comments on The Biz of Life: Quotes of the Day: Mark Perry and Scott GrannisThe Grouchhttp://www.blogger.com/profile/16355057736314451831noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-4185740361476149540.post-57376216425929821962010-11-24T04:56:28.942-08:002010-11-24T04:56:28.942-08:00While we do point our finger at China, we "pl...While we do point our finger at China, we "play" the game too. It's hard to say stop devaluing your currency, when we devalue the dollar as well. It's just when China does it, there's a belief that it's to our disadvantage because we can't pay them back with lower valued currency. Interesting stuff!Roshawn @ Watson Inchttp://www.roshawnwatson.comnoreply@blogger.comtag:blogger.com,1999:blog-4185740361476149540.post-2680564262951593472010-11-23T19:59:56.022-08:002010-11-23T19:59:56.022-08:00I guess at some point the game's gotta end. Th...I guess at some point the game's gotta end. The question is when, and how?Invest It Wiselyhttp://www.investitwisely.comnoreply@blogger.comtag:blogger.com,1999:blog-4185740361476149540.post-7924670494235664692010-11-23T16:50:14.937-08:002010-11-23T16:50:14.937-08:00I'll admit that I don't know. Sometimes I ...I'll admit that I don't know. Sometimes I think we don't fully understand the dynamics. Perry and Grannis are super smart and I'll admit that I spent a career teaching their view. It's great when some other country wants to produce something cheaper than us for us. <br />But after awhile you look up in a world of desperate people, willing to work for practically nothing and they are producing everything and in the process accumulating claims (via interest payments in the future) on what we do produce. <br />You have to winder how it all gets resolved.DIY Investorhttp://rwinvesting.blogspot.comnoreply@blogger.com