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


To: smolejv@gmx.net who wrote (59068)1/17/2005 5:28:59 PM
From: Maurice Winn  Respond to of 74559
 
DJ, it always seems weird to me when <we see a problem in the hard-working, hard-saving billions of Chinese?> Working and saving are never a bad thing, unless they involve working and saving to build attack systems, in which case they might or might not be a bad thing, depending on intent. Germany working and saving in the 1930s was a bad thing, because they were working for the Fuhrer. China working and saving now is probably going to be a good thing, though they are working on it being a bad thing. The USA working and saving, enabling winning of WWII was a good thing.

Germany's working and saving was a bad thing for a long time - they have been a perpetual bane in my ancestor's lives; attacking Alsace/France [great grandparents' woes], then another go in WWI [grandfather had to go to France to beat them], then trying again in WWII [father had to go to Middle-East/Africa for 4 years to beat Rommel]. In recent decades they have been tame enough, though the old teutonic style remains popular and resurgence of dominance urges are worrying.

Working and saving are good things to do. If China becomes wealthy and so does India, that's a good thing.

BTW, there aren't "billions of Chinese". There are just over 1 billion and after H12N8 [H5N1 and H7N7 bugs recombined according to Henry Niman's recombinomics processes] has been through, they might be down to about 800 million.

<by that I mean not just a chance for them to buy an armful of DVDs from Hollywood and San Fernando Valley with their share of IOUs. I mean infrastructure, education, social net, health system > More importantly than any of that, they want to buy 1xEV-DO phragmented photon mobile cyberspace.

Mqurice