Tuesday, July 13, 2010

Really Ironic

In my Interesting Picks on Saturday, I had referred to an article that argued that both the Chinese trade surplus with the United States and the amassed foreign reserves result from the savings decisions of Chinese consumers. Loyal reader Sinan, who also happens to be one of the few communist eziks (I was trying to convince him last night that the word is as oxymoronic as an ugly Russian, at least for the female of the species, but nevertheless), responded, via email, that Americans, with their manufacturing base largely gone, at least for consumer goods, had nothing to offer to the Chinese.

Well, he emailed me last night, he had actually found one thing the Chinese were interested buying from the US: Grain!

As Sinan noted, this is really ironic:)....

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