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Those of you who are acquainted with international finance might want to mull over the current US dollar/Chinese Yuan exchange rate, kept artificially low for years by the Chinese government (some say as much as 40% below what it should be). This makes Chinese goods much cheaper than they might otherwise be. This topic was going to be on the agenda at the next G7 meeting until China mysteriously announced it was not going to attend. The US Congress is starting to make noises about slapping tariffs on Chinese goods....
Something else to consider, tho, is that once the Chinese float their currency, it will potentially have a significant effect on the price of oil (given the massive growth of China's oil/gas consumption...a stronger yuan will drive the price of oil up accordingly)...and we all know what that will do to the US economy...
I wouldn't hold your breathe waiting for Shanghai to float the Reminbi. I don't think they plan to do anything as drastic as what western financiers expect.
let's take the high side and assume that it is $70K/yr. that breaks down to $5.8K/month assuming they don't participate in a before tax investment/retirement plan before Uncle Sam gets his mandatory cut. after Sammy gets his cut of say 25%, they're left w/ $4,350. housing incl prop tax and insurance will be say, $1,500. they're down to $2,850. two car payments and insurance will be $850. they're down to $2,000. food for a family of 4 might be $800. they're down to $1,200 utilities will be another $200. they're down to $1,000 other incidental expenses such as gas, entertainment, and other stuff might run another $500 if this isn't a heavy shopping family. they're down to $500 left for disposable income! and this scenario doesn't account for any pre or post tax retirement savings, vacation funds, lessons for kids, private school, kids' college fund, etc.now let's put together a budget van alstine based system...omegastar preamp: $600omegastar 240EX amp: $900biro l/1 speakers: $1600any ol' budget dvdp or cdp: $200misc cables: $30 for 2 prs IC and 1 pr of SCshipping: $120total: $3450$3,450 is 5% of this family's annual income. most people can't justify spending 5% of their annual income on a music system. which is why folks look as us like we're nutso!
Something to think about when mourning the travails of the North American audio industry. Those of you who are acquainted with international finance might want to mull over the current US dollar/Chinese Yuan exchange rate, kept artificially low for years by the Chinese government (some say as much as 40% below what it should be). This makes Chinese goods much cheaper than they might otherwise be. This topic was going to be on the agenda at the nex ... The US Congress is starting to make noises about slapping tariffs on Chinese goods.
BeeBop wrote:Something to think about when mourning the travails of the North American audio industry. Those of you who are acquainted with international finance might want to mull over the current US dollar/Chinese Yuan exchange rate, kept artificially low for years by the Chinese government (some say as much as 40% below what it should be). This makes Chinese goods much cheaper than they might otherwise be. This topic was going to be on the agenda at the nex ... The US Congress is starting to make noises about slapping tariffs on Chinese goods.Tariffs never do any good. They just shift a burden from one part of your population to another...skrivis PostPosted: Thu Apr 14, 2005 8:05 am Post subject: Re: doug s. and byteme are right on
and, bottom line is, no matter how cheap this *real* audio system seems to us, joe six-pack would laugh out loud at the thought of spending so much money on an integrated amp & two small loudspeakers.doug s.
i recently sold my yamaha rxv1 to a friend(early 20's) he had bought a cheap set of 5.1 speakers(real real cheap) when i saw them i laughed my ass off-so i gave him a bic center i had -he called the next day and said the center was so much better than the other speakers ,he wanted to find out where to buy a pair of l-r to match-he called again the other night ,he bought a pair of bic towers he now realises what decent equipment can do-next we are going to build a sub-im trying to talk him into ...
has there been any recent news or developments over the past few days with Meadowlark and Pat McGinty?