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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: TobagoJack who wrote (53816)9/29/2004 9:29:36 AM
From: KyrosL  Read Replies (1) of 74559
 
China is not transfering savings to American consumers

I partially agree with you Jay. Some of the savings are transferred but without the US there would have been no savings to begin with, so it's a big gain for capital formation in China. Plus, the savings will continue for many years in the future, and less and less of them will get transferred as Chinese prices approach world prices.
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