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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 368.31+0.6%Nov 7 4:00 PM EST
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To: elmatador who wrote (14664)2/23/2007 1:58:56 AM
From: Elroy Jetson  Read Replies (2) of 217630
 
China is saving 40% of its income. The fact that this savings rate is 16% at the household level and much higher among business and government is a distinction without a difference. The capital is being saved and invested. This is why China's economy is growing so quickly.

You believe Brazil and other nations can attempt to emulate China's growth by importing large amounts of capital and spending your way to prosperity. You will discover that this story ends differently - and in tears.

This is one of the economic laws of gravity. You can gas bag a lot of bullshit about how this is really a creative "alternate reality" approach to economics, but in the end you'll hit a brick wall that can't be altered by made-up uneducated nonsense.

It sounds very much like many US homeowners who have been borrowing money against their home and spending it. They say, "Its really the Smith family down the street that's out of control and needs to put their finances in order - we're not borrowing as much as the Smiths." Well guess what, they're going to end up in the same serious hurt as the Smiths. In an airplane crash the differences between First Class and Coach are negligible.
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