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Thread: The US 2020 Presidential Election

  1. #181
    Regular Wonderful Plans's Avatar
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    I agree with this article.

  2. #182
    Turbanator Senior Contributor Double Edge's Avatar
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    Quote Originally Posted by DOR View Post
    So, all else being equal (it never is), increased FDI into India should force an appreciation, thereby making exports less competitive.
    Oh yes the exporters complain but the people benefit

    Usually the exporters get their way

  3. #183
    Senior Contributor DOR's Avatar
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    Quote Originally Posted by Double Edge View Post
    Oh yes the exporters complain but the people benefit

    Usually the exporters get their way
    Exporters in India usually get there way ... well, I won't disagree because I haven't been following it for some time.
    But, it is a huge surprise!
    No more stunts putting a car together with imported parts?
    Trust me?
    I'm an economist!

  4. #184
    Turbanator Senior Contributor Double Edge's Avatar
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    Quote Originally Posted by DOR View Post
    No more stunts putting a car together with imported parts?
    I don't follow

    If the exchange rate does not fluctuate too much they would either absorb the loss or use cheaper parts

    The point about borrowing rates is major though. It's the reason for tariffs because multinationals with deeper pockets ie cheaper borrowing rates can withstand losses longer and drive the locals out of business. Cheaper borrowing rates are essential. The local rates might be 5-8% the MNC might not be paying more than 3% likely less.

    The bigger companies benefit from better rates than smaller.

    Here is an example i heard of a vegetable seller to illustrate how availability of cheap credit isn't universal

    The loan is for 45,000, amount to repay is 50,000. Period is a 100 days. A collector will be over daily to take 500

    What is the interest rate ?

    It's something crazy like over 40%

    The vegetable seller can't get a loan from a bank so relies on a money lender.

    You cannot grow with rates like this just survive.
    Last edited by Double Edge; 13 Jan 20, at 12:08.

  5. #185
    Senior Contributor surfgun's Avatar
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  6. #186
    Senior Contributor DOR's Avatar
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    Quote Originally Posted by Double Edge View Post
    I don't follow
    Back in the day (1980s?), every year the Indian car manufacturers would get together and build one car out of imported parts. The final cost – because of import duties – was something like $40,000. The point was to show that the taxes made it impossible to create a car industry by first importing kits and components, and later making those parts in India … like Japan, Korea, and others did.
    Trust me?
    I'm an economist!

  7. #187
    Dirty Kiwi Senior Contributor
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    Sleepy Joe gets a free run in Iowa

    The Iowa caucuses are happening in a little over two weeks, and they’re on a collision course with a certain event that’s expected to keep several top candidates stuck in Washington: President Donald Trump’s impeachment trial.

    Three of the candidates polling in the top five in Iowa are sitting US senators — Bernie Sanders (I-VT), Elizabeth Warren (D-MA), and Amy Klobuchar (D-MN). And all three plus the lower-polling Sen. Michael Bennet (D-CO) will have to substantially curb their time on the campaign trail starting Tuesday, January 21.
    In the realm of spirit, seek clarity; in the material world, seek utility.

    Leibniz

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