The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Smiling Bob who wrote (264212)	7/26/2010 7:49:29 PM
From: tejek	Read Replies (1) of 306849

As far as economies go, China always has a potential to go Venezuela on us. I don't trust them and would be leery of having physical assets subject to the whims of current leadership. I don't agree. Two very different cultures. The Chinese have always been the entrepreneurs in Asia. They are the small shop keepers in almost every Asian city........its very much a part of their culture. The period from 1945 to the 1980s was a small blip in their history. They are reverting back to type. Meanwhile, our bubble has drifted to China. Our bubble was our economy. Whatever happens in China's new, bubbling economy, OUR economy and OUR standard of living will be reduced to a shell of its former self. It's not coming back. We kind of swapped places with China. China's growth is at America's expense. You need to change your moniker from Smiling Bob to Frowning Bob. <g> China's improving economy is a consumer driven one as well as an export one. As the Chinese gain more income they buy more products. No bubble.....its real income growth in an economy that is growing larger.

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