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"Ultra-macro Outlook -- The Reality of the World Economy"

Discussion in 'Political Discussion' started by Titus Pullo, Dec 17, 2010.

  1. Titus Pullo

    Titus Pullo Banned

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    Two leaders of Japanese finance and philosophy have had a book "Ultra-macro Outlook -- The Reality of the World Economy" written about their lecture hall discussion on the subject.

    - Kazuo Mizuno is former chief economist at Mitsubishi UFJ Morgan Stanley Securities Co.,and current Japanese deputy director general in charge of economic and fiscal research.
    - Toshihito Kayano is a noted philosopher and Tsuda College associate professor.

    This subject transcends petty partisan bickering, and is a reality we need to stop denying. Globalization is over. There were always "limits to growth" after all.

    Rising oil prices, the recession and a new world order - The Mainichi Daily News



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    Last edited: Dec 17, 2010
  2. The Brandon Five

    The Brandon Five Rookie

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    #75 Jersey

    It will be interesting to see what effect increased consumption has on export figures for those countries. Does reducing supply raise prices enough that it offsets the decrease in volume of exports? Most of them produce nothing else, so "keeping it to themselves" is a formula for starvation.

    I think it more of a case of "must survive". Whether we can survive is TBD. Our reliance on them for rare earths makes us fairly vulnerable. We can't reopen mines or start exploration now and expect to replace that supply chain quickly.
  3. Titus Pullo

    Titus Pullo Banned

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    Very true.

    I did hear that western corporations have found rare earths in Greenland, however. Hope so. China's got us by the balls if not.
  4. The Brandon Five

    The Brandon Five Rookie

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    #75 Jersey

  5. apple strudel

    apple strudel Banned

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    Rare earths are actually rather plentiful in the United States. The problem is that they are far cheaper in China because China is a disaster as far as environmental and workplace safety regulation (and the obvious labor costs), so the mines in the US closed up shop when corporations started buying from China. One of the American mines, somewhere out west, is in the process of being re-opened but there is still some uncertainty over whether it will be able to compete price-wise.
  6. The Brandon Five

    The Brandon Five Rookie

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    That was my point: that it will take awhile to get it up an running if the Chinese supply dries up.

    To relate this to your other thread, the real victims of Walmart are in China.
  7. Real World

    Real World Moderator Staff Member

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    This is spot on Apple.
  8. Titus Pullo

    Titus Pullo Banned

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    Link please? Where?

    Not saying you're wrong, just that it flies in the face of most of my investment literature on the subject. This would surely be good news.

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