Green Span just want your tax money to be paid this year, instead of holding the stock forever and never pay the tax. So, even he knows the risk of inflation is very very remote, and the US economy is healthy, he still want to give you some reasons to
sell your stock today, so that you will pay your tax.
For the current Asian financial crisis, well, I did not see that as a crisis. For years, Asia
has grown very fast, especially countries like China, Taiwan, Singapore, Kora, Japan,
Tailand, India......
..... ( Indonisia is not on my list, so why care the sink of that country), now they just take a short breath, and will start the growing path pretty soon. The current so called
crisis is just consumers' confidence crisis, the basic industry base is sound , once the confidence turn, the growth will start.
Japan will sink into a third class economy, once Europe, and China replace Japan's position , then who care what Japan will be.
China has more than 1.4 billions of population, of course based on the western point of view, most of them are still poor, but comparing to 20 years ago, Most Chinese
has been much richer, and will continue to be improved. After 20 years of smooth transation from a central controlled economy to a free economy system, China is
ready to fly in the next centry, all the infrastructure is ready , and China is now starting to develop its inland economy with the experience learned in the past 20 years. That is the reason I said why should people care Japan so much when China
and Europe is flying. Indonisia, well, just a country with 80% of the people living under the proverty level, and only 4% of the population controll 70% of the wealth
of that country, most people do not have the money to consume, so why care the
meltdown of that country.
So, in the next 10 years, Europe, USA, China will be the three centers to sustain the growth of world economy. As to Japan, for years this country grew its economy by
export and export, take over the global market, while at the same time closed its domestic market and let other countries had no room to grow. So, the sink of Japanes e market maybe a good thing to the rest of the world from a long term point of view.
If you visit China, you will be surprised at the scale of its domestic market, Just to feed the 1.4 billion of population with three bowl of rice, you are talking about the consumption
of 4.2 billion bowls of rice in one day. So, there will be a huge market of agriculture
products in China for the rest of the world. If China really places orders for aircrafts, it will fill out at least 20% of BA's production capacity. |
