Responsibility

Options Trader Friday Outlook: Will We Finish the Week Over Target Levels?

As some one already commented, a good investment for China is building an empty city or mall when costs are low in difficult economic times; China is also investing big in energy efficient public transportation such as trains, subways, and high speed rail.

For U.S., good investments should be continuing new technology development and improving/re-building infrastructures, even in difficult economic times.

Unfortunately, many in U.S. still think that consumer type consumption is good for economy, regardless of much evidence that un-sustainable consumer goods consumption is bad for everything, from economy to ecology. Marketing gimmicks and Hollywood have been soft selling people to spend and spend, rather than build and build, and into believing that we want all those toys, big and fast cars, big homes, fancy vacation trips, and many wasteful consumer habits.

Let's cheer for the continuing lowering of oil and gas consumption, and of general non-industrial consumptions. We should eliminate the so-called consumer confidence index and replace it with a consumption efficiency index that measures infrastructure efficiency: energy consumption reduction, living costs reduction, and government costs reduction.

By the way, inspite of the all the urging to increase internal consumption by U.S. to stimulate the economy, responsible foreign governments have been smart to control internal consumption very carefully; many have learned hard lessons.

Jim Rogers on the Next 10 Years

Very lively comments on many grounds. Jim R's opinions have some truth but so are others. Mostly, Jim R expressed his appreciations for the recent fast growth in China.

Just want to add that US's urgent matters are:
1. the financial sector problems
2. the war on terrorists or extremists
3. the energy shortage and
4. the trade deficit

These are the main problems that are putting US's overall economy at risk and China is not the culprit, with exception possibly for the trade deficit item that at most be 50-50 accountable between US and China.

China is a partner with US in working out these matters, regardless of China becoming a super power or not. Learning Chinese is just one little item among many items, like learning Spanish is for having more fun and convenience to enjoy our south side neighbor.