- This topic has 7 replies, 5 voices, and was last updated 11 years, 6 months ago by
Allan from Fallbrook.
-
AuthorPosts
-
November 10, 2011 at 9:22 PM #19291November 11, 2011 at 9:28 AM #732731
sdduuuude
Participant[quote=briansd1]Will they be able to engineer a cooling off that doesn’t endanger growth and that promotes a sustainable transition to a more consumer oriented economy?[/quote]
No.
November 11, 2011 at 11:55 AM #732739briansd1
GuestThe rise of China is the great social political and economic story our times, perhaps greater than the fall of Soviet Union, IMO.
For the last 20 years, we’ve heard about possible political and economic collapse in China. But the Chinese state capitalists have reinvented themselves and have been powering on.
The transition to a consumer economy will be the great test of China’s leaders.
November 11, 2011 at 1:39 PM #732752The-Shoveler
ParticipantOn the other hand
If Ben could have managed 30-50% wage inflation over the last ten years we could have managed our housing bubble too !!!
60% of China wealthiest want to leave
A 30-40% reallocation of this wealth overseas would see the depletion of China’s foreign exchange reserve by close to 1 trillion USD or moreBecoming more like south America ?
http://www.globalpost.com/dispatch/china-and-its-neighbors/100121/battling-shenzhens-child-snatchersNovember 11, 2011 at 2:55 PM #732763markmax33
Guest[quote=sdduuuude][quote=briansd1]Will they be able to engineer a cooling off that doesn’t endanger growth and that promotes a sustainable transition to a more consumer oriented economy?[/quote]
No.[/quote]
Central banks always fail!November 11, 2011 at 4:38 PM #732772briansd1
GuestAll you need is a couple hundred years of great success.
November 11, 2011 at 4:59 PM #732774markmax33
Guest[quote=briansd1]All you need is a couple hundred years of great success.[/quote]
It’s never ever happened. We delinked from gold in 1971.November 11, 2011 at 5:43 PM #732776Allan from Fallbrook
Participant[quote=briansd1]The rise of China is the great social political and economic story our times, perhaps greater than the fall of Soviet Union, IMO.
For the last 20 years, we’ve heard about possible political and economic collapse in China. But the Chinese state capitalists have reinvented themselves and have been powering on.
The transition to a consumer economy will be the great test of China’s leaders.
Brian: China is a Potemkin village. And there is no such thing as “Chinese state capitalists”. You can attempt to delude yourself into believing this is so, but this is an authoritarian Communist regime, make no mistake.
If you think there is any actual “capitalism” going on in China, you clearly haven’t been there in a while or been there at all. When all of those bad loans finally come due, you are going to hear a crashing sound unlike any you’ve ever heard before.
As with everything else in life: The facts are the facts, and fundamentals are fundamentals.
-
AuthorPosts
- You must be logged in to reply to this topic.