That aside, China would collapse like a pyramid of cards if the US decided to slap import duties on Chinese goods...not to mention the fact that the Chinese hold US paper that is worth less and less to them not us. Not to mention the fact that more and more Chinese are chafing at the bit to buy more imported goods...Some Italian Guccis but mainly stuff from where else - the US.
We are creating a mega market that will blow all other markets away into the dustbin of history. And another side benefit is that emerging markets are forcing sometimes neanderthal US industries and labor to change the way they do business forcing them to innovate. Finally!
Tomorrow is a work day.
You should set your alarm clock, if you’re going to sleep.
I don’t know why you think “more Chinese are chafing at the bit to buy more imported goods...”
I don’t agree with that, at all.
It’s true, Chinese are becoming quite rich. They want to own things.
Except they don’t really care if they’re imported. Why should they? Most everything now, is made in China.
Bet you can’t find 5 things within eyesight of where you are sitting right now, which were not made in China.
Your computer. Mouse. Display. Keyboard. All slam dunks. Your television is from China. The iPod you listen to.
Your cell phone. Your stereo. The clothes you are wearing.
We need to wake up. This problem is now, very very serious.