winnersdon'tquit

Is There More Trouble Brewing in China?

ANDREW, I AGREE WITH MUCH OF YOUR ANALYSIS .

YES, CHINA'S GROWTH IS SLOWING.
YES, THE GOVERNMENT IS CUTTING INTEREST RATES.
YES, THE GOVERNMENT IS INSTITUTING FISCAL STIMULUS.
YES, A BUNCH OF TOY COMPANIES HAVE SHUT DOWN.
AND YES,.... THE CHINESE PEOPLE ARE WILLING TO WORK, AND THAT'S THE #1 DIFFERENCE BETWEEN CHINA AND MUCH OF THE REST OF THE WORLD.

THE CHINESE HAVE STUDIED THE WESTERN NATIONS ECONOMIES.
THEY'VE LEARNED WHAT WORKS, AND WHAT DOESN'T WORK GOING WAY BACK TO THE DEPRESSION ERA.

I FIND IT QUITE AMAZING THAT CHINA, OPERATING UNDER A COMMUNIST SYSTEM, IS ABLE TO ACT AS TIMELY AND DECISEVELY IN THEIR FISCAL AND MONETARY RESPONSES AS SHOWN.

30-40 YEARS AGO, THE CHINESE PEOPLE WERE BASICALLY AN AGRARIAN SOCIETY, THEY'RE NOW THE FOURTH LARGEST ECONOMY IN THE WORLD. IN ONE WORD..."WOW"!

China Gets It Right, But Hurts America

Constant referal to America as the world's only "Superpower" certainly doesn's help the cause of most Americans right now who feel much less of a "super hero" than what's being attributed to them.
Let us not pretent that China is the "bad guy" in the global scenario being played out. China has been, and continues to be, America's banker and manufacturing base.
If not for the Chinese work ethic, America's recession would long ago have developed into a depression. China today is where America was in the 1950's, when more than 50% of America's GDP was relegated to the manufacturing sector. America has lost over 40% in its manufacturing base since that time period, with the results we see today.
Many American's are either angry at, or jealous of the Chinese, but have no one to blame for their dilema but themselves and their own leaders for the past 40 years. Congress and the White House have sold out the American people and continues the sellout.
Unfortunately this is probably the beginning of a painful period for most Americans.