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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: russwinter who wrote (16933)	11/27/2004 12:06:43 PM
From: RealMuLan	Read Replies (2) \| Respond to of 116555

Russ, you sound too pessimistic<g>. >>a severe Malthusian resource crisis and will shortly be on the equivalent of war time rationing.<< do you mean a cheap labor shortage? That will be ok since it is a good thing for some of sweatshops to close down, mythink. And if they do not want to close, the owners will have to increase the workers pay and benefit, and maybe move up on the labor chain. >>On top of it, you have loss of confidence in the USD, people standing in line getting rid of Old Maid Cards (USD). This is not manageable any more, it's basically a Panic. << Not manageable? All China needs to do is to print more RMB. What is the big deal?<g> If you are looking at some hard landing in China in the next couple of years, you may very well be disappointed<g>