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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: SliderOnTheBlack who wrote (41202)	3/31/2005 11:46:47 PM
From: sketch	Read Replies (1) of 206269

I think the forces bearing on the Chinese--not to say the global--economy are too overdetermined for any of us to predict accurately what's coming. The scale involved is massive, and the rate of change far exceeds the official forecasts of yesterday. China, eg, hasn't just been selling trinkets to Walmart; it's been importing US tech and machinery along with those US$$. Without making China a mythical superhuman "dragon," you could argue that it may be robust because, among other things, people are less complexly leveraged and less vulnerable to morale collapse in an economic downturn than indebted, overmortgaged Americans caught in a web of opaque derivatives. And not least: the collapse of the current unlovely regime could bring something far more dangerous in its wake, so any US president trying to force that end would be a gambling drunk, IMO. The statistics in the Asia Times projecting China's economic metrics and natural resource use forward 25 years are mind-blowing in their implications--too radical for them to come to pass in the world as currently organized. Fasten your seatbelt.

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