Just When You Thought It Couldn’t Get Any Better
Aug 14th, 2008 at 12:12 pm by Susie
Now even the cheap Chinese crap will be too expensive for us:
BEIJING — Earlier this summer as the Olympic Games approached, the Chinese government sent businesses around this capital city an unmistakable message: China would do everything possible, including shutting down whole industries, to ensure the games’ success.
The restrictions quickly followed. In what turned out to be a futile effort to rid the city of air pollution, officials blocked heavy truck traffic from entering Beijing and closed nearby factories. The government also tightened visa restrictions to keep out protesters, a move that prevented foreign buyers from visiting the country’s booming factories and filling Christmas orders.
The measures, analysts said, have paralyzed industries in Beijing and much of five affected regions and will be felt around the world long after the Olympics.
With China dominating global production of many goods, U.S. consumers will likely see higher prices if not outright shortages for products such as mobile telephones manufactured in the affected areas. The Olympics restrictions will also affect world supplies of auto parts, semiconductors, Vitamin C, steel and domestic Chinese supplies of cement and aluminum.
“We have a pretty good idea that the restrictions will slow things down, but we won’t know the true impact until September,” said Richard Brubaker, managing director of the Shanghai-based consulting firm China Strategic Development Partners. “Because of the Olympics and other factors, there’ll no doubt be higher prices.”
oh yeah. I’ve been waiting for this shoe to drop, and now it has.
Those “cheap imports” aren’t so cheap when your currency isn’t worht the paper it’s printed on…
People need to learn to live and be happy with less.
The best solution to high prices is to stop fracking buying things, endless, endless things.
JUST STOP.