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


To: Wyätt Gwyön who wrote (61347)5/18/2006 10:20:59 AM
From: GST  Respond to of 110194
 
<Japan has terrible environmental controls> On what do you base this sweeping conclusion?



To: Wyätt Gwyön who wrote (61347)5/18/2006 10:41:27 AM
From: russwinter  Respond to of 110194
 
I'm betting that the Asian mercantilist model is going to be cast aside or at least greatly reformed. When and since being in China, I am amazed at how much open discussion about this exists there. In effect they recognize that wreaking their environment, and subsidizing the selling of tradable goods to the US for Old Maid cards, is bogus. They don't need more US agency bonds, they need Asia development bonds and a huge cleanup.

The problem of course is that there are powerful special interest and crony capitalists that benefit from the mercantilist arrangement. It may just have to collapse under it's own weight. Yes, you are right about lip service, the Chinese are great at that, seem suspectible to lousy follow through. They can't afford that any more.