Chinese Stock Market Bottoms: What Should U.S. Investors Do? [View article]
Newchinaman and the other China Bulls,
Read articles by Pettis and others re China. The Chicom (never forget it is an old fashioned Communist government) government is caught between a rock and a hard place. In seeking maximum export and GDP growth they misallocated vast resources. They now have an imbalanced economy. Their infrastructure is totally inadequate. This has finally caught up with them. Their stimulus package will not work well. You cant turn a supertanker around on a dime. I would advise you to not put any money on the future of China until you do a lot more research. My belief is that the Chinese economy is now beginning to implode. The Olympics were their high point. Make a mental note of my comment and see where China is two years from now. It is not physically possible to grow an economy at 10 to11 percent a year forever. The Chinese have finally hit a brick wall according to what I know about Economics. Which admittedly could be wrong. There are a lot of different theories floating around.
Chinese Stock Market Bottoms: What Should U.S. Investors Do? [View article]
Read articles by Pettis and others re China. The Chicom (never forget it is an old fashioned Communist government) government is caught between a rock and a hard place. In seeking maximum export and GDP growth they misallocated vast resources. They now have an imbalanced economy. Their infrastructure is totally inadequate. This has finally caught up with them. Their stimulus package will not work well. You cant turn a supertanker around on a dime. I would advise you to not put any money on the future of China until you do a lot more research. My belief is that the Chinese economy is now beginning to implode. The Olympics were their high point. Make a mental note of my comment and see where China is two years from now. It is not physically possible to grow an economy at 10 to11 percent a year forever. The Chinese have finally hit a brick wall according to what I know about Economics. Which admittedly could be wrong. There are a lot of different theories floating around.