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Originally Posted by Imperator
well I'd be careful from what I understand china is beggining to see thier own issues. Thier stock market is subsidized and they also have strict withdrawal and control rules. The balancing act between entrepreneurism and gov. oversight still has a long way to go, plus the first generation of the big boom will be hitting midlife and beyond, their medical issues etc. due to poor environmental controls etc. will begin to really take a toll, in the next 5-10 years. Thier gov. works ala the Gorge etc. also leave a lot to be desired.
Premier Liu tackles economic woes - The China Post |
I'm with you on this one.
I have observed a simple rule that I have never seen violated, there is no such thing as a straight line in economics.
China and India are booming now, which puts the odds pretty high that they will be basket cases five years from now.
Go to a used book store, and check out the titles about the Japanese economy that was going to take over the world.
And since the US is pretty much a basket case now, in 4 or 5 years we should be booming.