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

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To: Hawkmoon who wrote (99633)11/12/2008 4:53:42 AM
From: Don Earl3 Recommendations  Read Replies (1) of 110194
 
RE: "So the question is whether China can facilitate the change to internally driven demand to sop of that excess supply capacity?"

China's population easily exceeds that of its export markets. China could make the switch from an externally driven economy, to an internally driven economy almost over night, simply by abandoning the dollar standard and dropping the artificially low exchange rate of its currency. As ludicrous as it may seem, our media talking heads point out the "big trouble" China is in because its GDP only increased 9% this year.

9%!!!

Those same talking heads will tell you the US economy is in a bull market if GDP increases 4% year over year.
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