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China - 11/14/2008 5:42:08 PM
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bzirk
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From: Where the deer and antelope play
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Anyone following the markets should not be surprised by China's place in the global economy. For those of you who do follow the markets, what are your thoughts on this article?
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may the God of hope fill you with all joy and peace in believing, so you will abound in hope by the power of the Holy Spirit. Romans 15:13
Great quote: I just ain't God and don't know it all. -- SonInMe1
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RE: China - 11/15/2008 9:07:27 PM
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GroupW
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From: Up in the hills of Colorado (very BIG hills...)
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I agree with the conclusions, but I think I disagree with their logic.
The fundamental strength of the Chinese economy has to do with their very high productivity growth rate. That's what allows them to expand their economy at very rapid rates without creating hyperinflation.
At some point, that productivity will either begin to trend downward (very bad if you're Chinese), or there will need to be very large investments in domestic technology and production infrastructure (bad if you're American.)
I think the articles rightly points out the link between Chinese/Asian/Europeann wealth accumulation and the American/English/Spanish etc housing bubbles and resulting mortgage crisis.
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“For every problem, there is a solution that is simple, elegant and wrong.” -H.L. Mencken
"Most people would rather die than think; in fact, they do so." -Bertrand Russell
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RE: China - 11/16/2008 12:58:03 AM
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Ichiban
Posts: 97
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From: Canyon Country, CA
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What China is doing is trying to spend America into submission. Much like America did to the U.S.S.R. in the Cold War. I see this, because the Chinese aren't spending on consuming products. They're building: roads, railways, healthcare, education, power grids and low-cost housing.
When America spends we have nothing to show for it except hi-def televisions and fancy kitchen appliances. China will have a massive infrastructure overhaul. Not that I like what China is doing. I hold some Yuan and I'll definitely be dumping it because of the inflation that is likely to come out of this.
Don't be mistaken. China is crushing the U.S.A. economically
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RE: China - 11/17/2008 6:17:13 PM
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GroupW
Posts: 2864
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From: Up in the hills of Colorado (very BIG hills...)
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quote:
ORIGINAL: Ichiban
What China is doing is trying to spend America into submission. Much like America did to the U.S.S.R. in the Cold War. I see this, because the Chinese aren't spending on consuming products. They're building: roads, railways, healthcare, education, power grids and low-cost housing.
When America spends we have nothing to show for it except hi-def televisions and fancy kitchen appliances. China will have a massive infrastructure overhaul. Not that I like what China is doing. I hold some Yuan and I'll definitely be dumping it because of the inflation that is likely to come out of this.
Don't be mistaken. China is crushing the U.S.A. economically
Of course, some of that is simply due to the fact that economically China is about where the US was several decades ago. While it's true that the U.S. hasn't invested sufficiently in infrastructure, it's also true that the U.S. infrastructure needs are nowhere near as great as that of China. The things you list are things that a country in China's stage of development needs to be spending heavily on.
_____________________________
“For every problem, there is a solution that is simple, elegant and wrong.” -H.L. Mencken
"Most people would rather die than think; in fact, they do so." -Bertrand Russell
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RE: China - 11/17/2008 7:06:06 PM
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Ichiban
Posts: 97
Joined: 11/14/2008
From: Canyon Country, CA
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quote:
ORIGINAL: GroupW
quote:
ORIGINAL: Ichiban
What China is doing is trying to spend America into submission. Much like America did to the U.S.S.R. in the Cold War. I see this, because the Chinese aren't spending on consuming products. They're building: roads, railways, healthcare, education, power grids and low-cost housing.
When America spends we have nothing to show for it except hi-def televisions and fancy kitchen appliances. China will have a massive infrastructure overhaul. Not that I like what China is doing. I hold some Yuan and I'll definitely be dumping it because of the inflation that is likely to come out of this.
Don't be mistaken. China is crushing the U.S.A. economically
Of course, some of that is simply due to the fact that economically China is about where the US was several decades ago. While it's true that the U.S. hasn't invested sufficiently in infrastructure, it's also true that the U.S. infrastructure needs are nowhere near as great as that of China. The things you list are things that a country in China's stage of development needs to be spending heavily on.
The only difference is China is a producing nation. America didn't stay that way and it's why we incur debt
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http://www.ichibanblog.net
Come and discover Japan's spirituality, with me!
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