Philly Jim

The Great Shift: China Rising, U.S. Falling

I agree, there will be more growth in economies just getting toilets, silverware and glass windows as opposed to those who already have these products, but just a few comments:

1. The Muslim world is growing increasingly skeptical of a rising communist/Godless, superpower. This is a taboo subject that the financial world has yet to delve into. Think the U.S. had it bad from terrorists? When China begins standing in America's boots, they will experience similar events as we witnessed from their ethic Uyghurs.

2. As the U.S. government and western corporations beef-up IT security, China will have less technical information to feast upon, which will remove that edge they have gained so quickly from stealing almost every bit of technical knowledge that propelled them into the 21st century.

3. People aren't paying attention enough to the emerging effects of not having westerners there to quickly consume Asian exports like they once did (See current bankruptcy rates in southeast Asian economies for a more realistic picture of the economic climate in Asia).