I don’t know FLU, suppose you are right but I have been hearing that the only country who is going to be in worse shape than the EU (as far as aging population) is Japan followed closely by China.
But you are usually right so I will take your word for it.[/quote]
LOL….You are kidding right? What the hell do I know….
I don’t have a prediction for China. On one hand the country is considered “rich”. On the other hand, they are virtually dependent on american consumers. When we can’t afford to buy crap anymore, the musical chairs stop. Culturally, Chinese view money differently than I would say here. Typically, at least in the previous generations, you don’t buy things on “credit”. So it will take probably generation 2 or 3 to start adopting consumerism. .The other thing, the majority of folks are still dirt poor there. How long would it take for consumerism from china to even come close to U.S…Probably never….So…where are folks going to find all the spenders….Maybe we’ll have discovered an alien race in another planet by then 🙂
