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To: Cogito Ergo Sum who wrote (4464)	12/5/2003 5:40:03 PM
From: Jim Willie CB	Read Replies (4) \| Respond to of 108663

China is one smart gang they are watching the mess created by funny money first with Thailand and the Asian Meltdown in 1997 that meltdown has not been fully repaired even yet Americans learn ABSOLUTELY NOTHING from history China has a better and more patient perspective they are watching also what happened to the US with debt and speculative explosions I doubt China will repeat our mess they have plenty of state-related bad loans but they will deal with it, even cause domestic pain they only have to worry about riots but not unemployment or running over people in public squares this summer China raised bank reserve reqmts from 6% to 7% that has led a damping effect on debt creation they also cut export tax credits that has slowed mfg a bit CHINESE LEADERS ARE WAY WAY UNDERESTIMATED BY AMERICANS I spoke over TGvg with an experienced retired Ohio banker he called them "little grubby people, who work work work, and have no lives" this is typical I opened his eyes to many things, and now he is somewhat concerned good thing, reality does that / jim