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

To: TobagoJack who wrote (59077)	4/22/2006 1:49:39 AM
From: bond_bubble	Read Replies (3) \| Respond to of 110194

There is absolutely nothing wrong in 2.3B urbanizing themselves. But it is completely wrong if they urbanize by purely creating credit!! i.e Suppose India (30% credit growth in India last year) and China (20+% credit growth) are creating demand by purely printing money and not working a bit - do you still think the 2.3B deserve these copper/raw materials? I understand they are working for the Americans - and that is where the catch is!! They could as well work for their local govt moving sand from one spot to another back and forth again and again - and in the process demand copper from the world for this hard work!!!! That is the problem many are not seeing. The crony capitalism does not allow their people to really work and in a "capitalistic" way. I'm not saying it is 100% crony capitalism or 100% credit binge - but it is a mix of credit binge and partly "so called" capitalism that is fueling this consumption and that is not a good foundation for future demand!!