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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: mishedlo who wrote (48251)12/27/2005 8:03:18 PM
From: GST  Read Replies (1) of 110194
 
The Chinese banking system is indeed not up to the task of servicing a 21st century economy -- but look to China to get this cleaned up as part of its global market strategy. China has ample resources to fix these and any related issues. Western financial institutions are slobbering all over themselves to get into the market -- and bit by bit they will be in and in big time. If you are counting on the Chinese banking system to hold back China then you are indeed getting desperate. China has mountains of issues and problems but you seem to know very little about what is actually going on in China nor do you seem to have a handle on their prospects, which are one hell of a lot better than our own in terms of growth and expanded wealth. China will have to work hard to slow the rise of the yuan, and of course this is a rather funny state of affairs as it simply slows the rate at which their wealth is validated. American politicians beg for China to make us poor -- how odd don't you think?
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