If the Chinese are willing to send their production over to the US in exchange for printed pieces of paper, whats wrong with that? Who cares if they are subsidizing industry at a loss to themselves. If China subsidizes a factory, they are not only exporting cheap products but also clean air...
Does anyone here trade the calender spread intraday? Ive got a decent set of indicators that have worked on other spreads AUD-YM. Slippage was a problem though with bid/ask. Curious to here if CL spreads are tradeable intraday?
Labor costs are a common misconception. The US had the highest wages in the world and still produced the cheapest goods 50 years ago. This is because of efficient industries. Today, its impossible for a US company to compete with Chinese even if labor costs collapsed in America, there is simply...