[fhayek]

Well, before we get to far along in this discussion of the master race, I believe that most of China's companies are still state owned, and therefore not traded on a stock market.

[Mind-numbed Robot]

Well, before we get too far along in this discussion of the master race, I believe that most of China's companies are still state owned, and therefore not traded on a stock market.

I did not realize it was talking about stock value alone. I thought it was talking about asset value and total worth. (I am not part of the master race discussion.)

[Torie]

Did you say master race? Someone, and someone "respectable," not some low life here on FR, has disagreed with that:

"We are treated by the Americans with a mixture of patronizing pity and contempt. They treat us worse than they do any other country in Europe. They undermine our political and commercial influence all over the world . . . . They really are a strange people. Perhaps the mistake we make is to continue to regard them as an Anglo-Saxon people. That blood is very much watered down now; they are a Latin-Slav mixture, with a fair amount of German and Irish. They are impatient, mercurial, panicky."

Harold Macmillan, British PM and some other things.

Everybody has a diagnosis for what ails us. What this country needed was the steady and calm hand of pure Anglo Saxons, say like the Clintons, which is what caused this great nation of ours to leap ahead economically above the fray despite the watering down of the blood lines. And there you have it.

PS: I think Macmillan has the portions wrong; they were certainly wrong when he said it, and they are still wrong, but whatever. The problem is really the German and Irish, with the Scotch Irish being the worst.

PPS: I just finding these little gems, these gleaming toys of history.

[ggekko]

It is impossible to know how large China's economy and it companies are at this poin in time since most of the Government economic statistics are highly suspect with the skew to the upside being highly dubious.

China's currency is at least 30% undervalued based upon the purchase power parity model. This has allowed China to accumulate large foreign currency reserves but China has not generated sustained internally generated investment. If foreign investors ever pull back from China because of a political crisis the Chinese economy will become highly vulnerable to collapse.