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To: ild who wrote (38558)	9/21/2003 8:31:25 PM
From: TobagoJack	Respond to of 74559

Hello ild, <<USA is the biggest (like 50%) market for Mercedes and BMW. Are Chinese going to fill the void when US consumers retrench?>> … I very much doubt it, unless at RMB:Euro exchange rate of 1:2 and above. In HK, about 50% of the car population are comprised of BMW and Mercedes, and we have the highest density of Italian sports cars and British Rollers. If all cars get on the roads of Hong Kong, there would be a 4 meters (12 feet) space between the rear bumper of one car and the front hood of another. I dare not think about China mainland becoming an auto-centered society. That direction of thought is too scary for words, so do not go there:0) <<O the inevitable fall in US living standards will have huge negative effects on all countries.>> Yes, I agree, and yet I think this is precisely what will happen. Debt has cost, and electoral repudiation of debt also has cost. Chugs, Jay