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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 (69860)9/16/2006 9:47:32 AM
From: GST  Respond to of 110194
 
When ou have "nothing" in consumer terms then you need "everything". Chinese savings reflect a different approach to financing consumption -- cash. This creates a lag effect. After 20 years of accumulation we are now seeing a surge in what those savings can be used to buy. Consumerism is alive and rampant in China.