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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: GST who wrote (48255)	12/27/2005 9:07:40 PM
From: mishedlo	Read Replies (1) \| Respond to of 110194

China has mountains of issues and problems but you seem to know very little about what is actually going on in China nor do you seem to have a handle on their prospects, which are one hell of a lot better than our own in terms of growth and expanded wealth. Exactly where did I say I did not like the prospects in China? I said that if the floated the RMB NOW it would crash. As for what is really happening, I doubt many understand exactly what is going on. Right NOW much of what they do is for US consumption. At some point, NOT NOW, they will be far less dependent on US consumption. The US will have hell to pay whan that happens. As far as "real wealth" is concerned, it is indeed slowly leaving the US and headed to China and India. However, both countries are still heavily tied to the US. Yes, that will change. Mish