The Epic American Credit and Bond Bubble Laboratory Message Board

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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: GST who wrote (48353)	12/29/2005 4:07:54 PM
From: UncleBigs	Read Replies (2) of 110194

The reality is that China is going through a profound transition at a remarkable pace and is teeming with bright, ambitious, well educated young people who live in cities and have realistic expectations of living in a prosperous country called China that is not simply a good place for a bunch of factories This remarkable transition as you call it is financed by Americans living above their means. Once the housing atm is busted and Americans can no longer borrow and spend, China's remarkable growth stops in its tracks. They may be able to transition to a domestic economy but the crash comes first. Sort of like 1929 to 1935 for the United States. Did the US grow like crazy in the last 70 years? Of course. Did the US have a severe depression 75 years ago? China needs to wean itself away from American overconsumption. They will eventually but will only take the necessary steps when forced.

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