Methinks someone is full of Shiite. ;o)
Yeah, wait’ll you see what China and Asian markets do overnight/tomorrow (and....ours)
Gonna be a brutal day, IMO.
Chinese growth potential is inherently limited by the restriction of the free flow of information necessary to initiate and sustain innovation. The authoritarian, technocratic elite running that country cannot abide freedom of thought in its truest sense—unless that thinking is harnessed to the promotion of China’s image as an unstoppable economic juggernaut. Besides, I remember the same kind of comments made when Japan was going through its boom period in the Eighties, when supposedly knowledgeable commentators talked about the inevitability of Japanese economic dominance and the certainty of American decline.
In show business, buzz is generated by paid mouthpieces putting out the word on this or that celebrity: spreading gossip, doing promotional campaigns and publicity stunts, conducting photo ops orchestrated not to look like photo ops. These mouthpieces are paid by the studio or the record label or the talent agency representing that particular star.
Same thing here. Follow the money.
Well, the US economy is about 5 times that the size of the Chinese economy (you can argue that on a PPP basis the gap is smaller). China continues to turn out 10-11% GDP increases year after year. US GDP growth for the year is in a slowdown at 1.8% for the year. Anytime, US growth falls below 1/5 the Chinese growth rate, then it will become the primary engine for growth.
China is growing but it’s numbers are not to be believed. It is the command side of the economy which continues to generate the statistics. We saw what the real Soviet economy was like when the music stopped.
Of course mad cow disease stopped US beef exports to Japan, stone cold, nmuch to our disgrace.
China's over heated economic engine is about to thrash and crash within the next few years. Then maybe they will go slowly and build their economy well.
Perhaps we are seeing the first signs of a devolution of communism in China. Its body politic has lost control of its economy, and can barely keep the lid on the pot, let alone guide whats happening IN the soup as they need to.
Wild horses cannot drag me to the 2008 Olympics, where mob rule is sure to become the order of the day, with its consequent overreaction by the PLA.
Gee, where are all the phoney free traders who normally rush in to deny that they aren’t top-dogs anymore.