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I am retired from Fresno County. I like to blog and comment on financial matters. I knew of the housing bubble in late 2005, way before Cramer. And I am an all star on Hubpages with over 100 hubs published. My handle is "bgamall" on Hubpages. I am most proud of:... More
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Ha, I knew China would slap down hot Carry Trade Money! 2 comments
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This post has 2 comments:
China is flooding their own markets with stimulus cash, but they also need outside investment, particularly in those markets where venture capital is the game.
They are also looking at a potential problem with capital leaving the country, something that happens sometimes when you create functioning markets.
They are not dumb. They will try to talk the problem down to a manageable level, while they search for a solution that will not slay the goose laying the golden eggs...
OK, too many "egg" analogies, time to go eat breakfast.
I don't think the US government really understands that without the US consumer coming back at least some, that there will be no sustained world recovery. China is investing on, and banking on that occurring. And if it doesn't because of the evil neglect from Wall Street, then the US and China will be like those two big ships going in opposite directions.
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