fawnpass

It's 1974 for the U.S., but 1929 for China

I am in China. It is obvious this author is not. I, too, along with other posters are curious about how this article got published here, and it questions the credibility of this site.

Get Ready to Buy Like It's 2002

You are wrong on China. It is obvious you have not been there to see what is happening. China is not Russia. It is the last large economy to feel the world downturn and will be the first to shoot out of it. The government has many macro and micro tools yet at its disposal, and they are still ahead of the problem. There will of course be some dislocations and adjustment (mostly in export/shipping related industries), but they will be relatively isolated. Most export companies are already shifting their focus and adapting to other markets. Those that do not will go under or be consolidated, which will be good for the long term health of the Chinese economy. Companies with sound financial positions will continue to experience growth as the US markets rise a bit then stagnate for years to come and the hot money will follow the results. You should be in CHina now, but smart about it.