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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 375.93-1.8%Nov 14 4:00 PM EST

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To: Chas. who wrote (68889)12/1/2010 10:56:46 AM
From: Cogito Ergo Sum  Read Replies (1) of 217802
 
Agree on the Sol differential ... in fact many Chinese Middle Class wouldn't make the cut above the poverty line here ...,

was looking at exactly that here Message 26960286

which is a strong reason why I think the currency peg is not the bigger issue... Relative SoLs and expectations are out of sync.. and this causes a big advantage for China.. It will change.. very slowly... but will accelerate.. to higher SoL and expectations.. Chinese coming from so low down in the SoL department... Middle class in China and Middle Class in the West is apples to oranges...

40 years ago ? you are a pioneer :O)

TBS
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