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

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To: GST who wrote (49198)	1/9/2006 4:03:18 AM
From: mishedlo	Read Replies (3) of 110194

My mistake China is totally 100% impervious to any slowdown for the next 1000% years. They will get rich selling each other houses but because there are more people in China they can keep doing so for the next 1000 years or so nonstop. Everyone will be buying cars and boats and building roads. Those not employed in the housing sector will get rich washing each others cars or shining each others shoes. Factory workers will get rich making garments for .50 and hour and with that they will all buy homes. Eventually they will all get rich borrowing money from each other. Again, because there are more people in China they make money loaning themselves money for the next 1000 years. I think I've got it. China will grow 16% a year for 500 years. Then a recession will hit and growth will continue for 14% during the recession before picking back up the pace at 16% for the next 498 years. In the next 30 years there will be no oil or copper or gas shortages related to this growth because China will invent "Transparent Burnable Aluminum" solving the problem. They can make this for 10 cents a cubic foot and not only use it as a structural material but burn it to produce all the free energy they need. The Chinese can get rich working in factories for .50 /hour evan as gasoline soars to $500 a barrel. But who needs gasoline when you have transparent aluminum? Even if by some miscalculation something did matter, it really wouldn't matter because Chinese banks will subsidize all of it. It will not matter one iota that their banks are insolvent because growth is what matters and growth can keep up for the next 100% years. Is there anything I am missing or do I have the China story perfect now? MIsh

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