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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: mishedlo who wrote (49200)1/9/2006 12:10:41 PM
From: GST  Read Replies (2) of 110194
 
China is building a nation -- we are destroying one -- our own. Their building process has some very bad side effects but they have certainly done what they set out to do and their economy is in pretty good shape and looks like it is less dependent on us every year. You don't get it Mish -- the US is rapidly shrinking in relative importance, and given the imprudence of our finances, we are likely to implode at some point. When we do implode our vulgar appetites will be missed by those who catered to them, but their lives will go on. It is we who will be left to sit in a corner covered in our own drool and wondering why we are no longer the life of the party.
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