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Strategies & Market Trends : The coming US dollar crisis
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To: carranza2 who wrote (25833)12/22/2009 2:05:23 PM
From: GST3 Recommendations  Read Replies (1) of 71445
 
<I am concerned about the Chinese economy> China is a hard economy to grasp. Unless you spend a significant amount of time in China there is a tendency to reduce China to a cartoon character and then discuss China in abstract unreal terms. Very few of us can really grasp the pace and scope of change that has now been going on for several decades and portends to continue to do so for decades to come. Any Chinese person who went into a coma in 1980 and woke up today would find the place unrecognizable. The numbers in China sound wacky because by comparison the pace and scope of change in the US is slow and painful -- and in a deteriorating direction. While China faces no end of major problems and challenges, it would be a mistake to assume that breakneck growth and the reshaping of a society that dwarfs our own cannot endure simply because it is beyond our imagination.
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