Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Natural Resource Stocks -- Ignore unavailable to you. Want to Upgrade?

To: c.hinton who wrote (2516)	10/27/2003 8:47:02 PM
From: Cogito Ergo Sum	Read Replies (1) \| Respond to of 108679

Interesting chinton, I think that a country used to hardship will react much better than one that is not on a relative basis. How long has it been since the US or Canada for that matter endured hardships on the scale the Chinese have in recent history (if ever) notwithstanding the tragedy of 9/11 ? about a nation with little or no experience in capitalism LOL how many Chinese immigrants weren't capitalists and good at it... It's cultural to my mind.. Personally I think JW is correct on this... then again I'm biased as one of my gandfathers was Chinese and he spawned a generation of good successful capitalists ... and the tradition continues :o) regards Kastel

To: c.hinton who wrote (2516)	10/27/2003 9:36:22 PM
From: Jim Willie CB	Read Replies (1) \| Respond to of 108679

healthiness of the Chinese correction is not complicated it comes down to willingness to allow some bankruptcies, job losses, and creative destruction as long as the banking system survives, great since China will not have all that many of either, they will allow it since USA would have half the entire Fortune 1000 and 30-40% of the entire households folding, we will not allow it the USA has lost almost its ENTIRE willingness China ran over people in Tianenman Square they will have no trouble with running over some people and businesses financially I think you view this issue ALL WRONG it has nothing with capitalism experience well maybe an inverse advantage the less capitalism experience, the better the recovery and healthy correction the more "mature" the capitalism, the more likely the system has developed cancers like socialist capitalism we are stuck in the socialist capitalism mudd mudd mudd China is not as Kurt Richebacher said to me... "China has the capitalists now, not America" this Chinese correction is a very easy call I cannot see how anyone can regard it as difficult / jim