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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: t4texas who wrote (41198)	3/31/2005 11:03:55 PM
From: kodiak_bull	Respond to of 206215

Guys, I don't know about China's medium term stability here, they seem to be like those Taiwanese acrobats who are doing handstands on top of bicycles supporting 3 cute little sisters up top who are also doing handstands and twirling batons, upside down. The figure I heard is that China has, in the last 20 years lifted 250 million people out of abject poverty, most of whom are bouncing around coastal China working for industries in this house o' cards. China's economy is something like Japan's bicycle economy of the 60s and 70s; as long as it's rolling forward things are fine, when it stops, it falls over and stops for a long time. What happens to these millions of workers when the factories begin to close? How you gonna put them back on the Cooperative, now that they've seen Paree? A lot of the Chinese economy is a joke, as I noted in a previous post: "We pretend to be a bank and you pretend to be a creditor." In the "functioning economy" a fair part of the Chinese economy and sense of self happiness comes from the ability to buy a car, those sales and the ripple through effect were reported a while back as very important--how will $50, $60 oil impact them? China's economy is very much behind the times, non cutting edge stuff--how will it react/survive with these energy cost inputs? Which economy and consumer group will best be able to deal with much higher oil prices, the U.S. or China? Which is more likely to be crippled. I remember the oil shock of 1973-74 was still being felt, hard, in Korea and Japan in the late 1970s and early 1980s. As someone noted, Que maybe, how are we going to make a buck out of this situation? Kb