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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 382.95-0.8%Nov 13 4:00 PM EST
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To: arun gera who wrote (24989)11/10/2007 3:09:12 PM
From: GST  Read Replies (1) of 217750
 
<I don't know whether it will be able to retain its old values.>

This is a question I hear from Chinese people -- the ones living in China. I hear people saying "we fell a bit lost -- people only believe in money now, and there is an emptiness". What will fill that void? More shopping? Having things in abundance is always preferred over deprivation. I remember a quote from Nixon -- "if you don't think that America is making progress, tell me who has the world's largest shopping center?". It takes more than a large shopping center to make a robust society. China has a rich cultural heritage - but its future is uncertain. Right now the Chinese government is following in the footsteps of Nixon, measuring progress by the swelling crowds in the Chinese malls.
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