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

To: Jacob Snyder who wrote (39273)	10/7/2003 5:41:09 PM
From: Condor	Respond to of 74559

At which point Americans will have to start living within their means, That is a good joke JS, it is a joke isn't it? Besides, while hugely important, the world doesn't stop and end with the US in dire straights. The Chinese demand for their own goods alone is monstrously huge let alone the rest of south east Asia. If you're looking to prick the Chinese balloon, look further. The USA is becoming and will escalate in its diminuation as the be all and end all of economic stimulus. The rest of the world insists on becoming significant. To ignore this fact is personal and national economic suicide IMO. The USA is recently displaying its limited ability to dictate. Cheers C

To: Jacob Snyder who wrote (39273)	10/7/2003 7:55:40 PM
From: TobagoJack	Respond to of 74559

Hello Jacob, You sound like a bear:0) In regard to <<At which point Americans will have to start living within their means, and China will sell a lot less to the U.S.>> ... you skipped the part about global monetary collapse enhanced by debt and fertilized by fiat paper, and at some point China will generate quite a bit of internal and intra-regional trade that is energized by domestic and intra-regional demand (as opposed to export demand). Further, reference these points: Message 19377792 Message 19377912 ... I note that Russia and India buys plenty of goodies from China, while Mexican workers gets displaced by Chinese workers. The driving reason being China's industrial complex, infrastructure, low cost, skilled and obedient labour, although all three destinations have low cost labour. In other words, poorer economies are buying plenty from China and so the US will likely be buying plenty from China, of increasing variety of goods, with ever higher added value, of improving quality. The burden of margin squeeze in the US due to reduced domestic purchasing power will likely be burdened upon the middlemen/distribution network, thus the ever more powerful Walmart. We must seek truth from facts ;0) Chugs, Jay