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

To: KyrosL who wrote (55007)	3/1/2006 8:38:13 PM
From: UncleBigs	Read Replies (1) \| Respond to of 110194

Purchasing power parity gdp doesn't accurately compare the output between the United States and China. A mortgage broker in the U.S. can do quite a few $15,000 commission loans per year. It's much harder to produce $15,000 worth of tangible products. The U.S. has a finance and service based economy. It depends on increasing debt to remain intact. I think consumers have nearly reached debt saturation. Once the U.S. can't take on more debt, the finance and service industries fall apart. What's left is a rotted carcass of outdated and mothballed manufacturing capacity that was outsourced to China. The productivity miracle in the U.S. is a fraud. Just a simple Ponzi scheme reliant upon ever increasing amounts of debt. What can't last forever, won't.