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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?


To: TobagoJack who wrote (35119)6/18/2003 12:17:31 PM
From: getanewlife  Read Replies (1) | Respond to of 74559
 
<geewhiz gush gush admiration from Jay>

same here and now anxious to discover the best way to get on the train. I think in less than five years there will be an explosion of wealth in China. Your info and observation have been very helpful. Thanks. gf

PS: I heard from a friend who work for Triquint in PA that more and more Chinese in his area quit or lost their jobs to go back to China working for equivalent of $30,000 but really betting for stock options to fulfill the dream that did not come true here at US. You know I think there is a good chance that it might just happen. Judging from how SINA and China and other Internet companies moved in the recent months, I think we are heading into something. Again would love to find out how to profit from these possibilities.



To: TobagoJack who wrote (35119)6/18/2003 12:56:20 PM
From: Ramsey Su  Read Replies (1) | Respond to of 74559
 
Jay,

I was in Shanghai last year and my mouth dropped open (not just because of the food).

It's planning and growth, though clearly not perfect, is nothing short of a miracle. The transformation of a city with 13 million people, in such a short time, have not been seen anywhere. To appreciate it, one almost has to have been there 10 years ago.

There is an exhibition hall near the opera house which shows the reconstruction of Shanghai. It is well worth a visit if you have not been there yet.

Ramsey



To: TobagoJack who wrote (35119)6/18/2003 3:59:08 PM
From: Maurice Winn  Read Replies (2) | Respond to of 74559
 
<Awesome vision, daring planning, amazing confidence, ... > ... stupendous cashflow. Without the cashflow, the country bumpkins are doomed to remain enviously drooling. Made in China = the zeitgeist.

1 billion of them [plus a couple of hundred million spares] with a work ethic and getting-ahead syndrome means there's a LOT of room to move yet. Many have moved here [many from our point of view, though from China's it's just a large village which has emigrated]. The local yokels here don't realize it yet, but we are being colonized, just as the Maoris were colonized a century ago. The process is similar too. Aliens arrive bearing cashflow, gadgets and a new way of life. The local country bumpkins are impressed and want to get their mitts on some of the stuff. So they sell to, trade with, work for and sometimes try to rob the newcomers. The newcomers rapidly make headway and one day they are running the place and the aboriginal hayseeds wonder what happened.

As China ramps up their political system to a 21st century model along Singapore lines, even the USA might start to look like a has-been. But in the meantime, the USA is buying a lot of the brains from China [and India and everywhere] and sucking in money from everywhere so they are holding their own.

A couple of nights ago I had dinner with some RoamAD and Intel people in my local pa . There was a Hong Kong Chinese, Indian guy from Portland, Oregon [in the descendant of India meaning], a Kiwi Jewish guy and an Oz Indian guy - plus three premixed Kiwis from the mixings of a century ago. Intel is fixin' to convert RoamAD from Kiwi to American. Meanwhile, QUALCOMM is hiring a bunch of people from India and China too [and a lot more places as well].

The swirling mass of humanity is certainly sending some cashflow surging around the world looking for the most profitable place to land and that is attracting the smart people like iron filings to a magnet. Shanghai obviously has a very strong magnetic field. But Intel and QUALCOMM and the USA have got some too.

Meanwhile, the see-saw has swung and G = Q again.

Mqurice [with a small magnetic field]