D. McHattie

Liquidity Is Working... At Least in China

Sober Realist, do you really expect the bulk of the Chinese population to continue living in veritable poverty? By choice? Because it's part of their 'culture'?

That seems to be what you're saying, perhaps I'm putting words in your mouth.

What is Hong Kong like? What is Singapore like? It seems to me that the residents of these Asian cities have adjusted quite well to the availability of material goods - they consume them.

I'm with Peter Schiff on this one: the Chinese make stuff for us and we give them nothing in return but rapidly devaluing pieces of paper.

Why would they not just keep the stuff for themselves?

This 25% growth in auto sales, to me, points to a widespread desire among the Chinese to have the creature comforts that we have.

You know what they say in America: when the going gets tough the tough go shopping. Well the going has gotten tough for the global economy and the Chinese went shopping.