Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: KyrosL who wrote (88107)	10/28/2007 10:57:31 PM
From: GST	Read Replies (1) \| Respond to of 110194

Tax rates in China are very low and people are accustomed to pay cash even for major purchases like cars -- what a concept. But you are dead wrong about their consumption levels. The issue is no longer that they don't consume -- the issue is that they are now starting to consume like crazy and we are competing with them for scarce resources and polluting the hell out of the planet. There is a reason why you are paying nearly 100 per barrel of oil -- Chinese demand is absolutely booming wth car sales going up over 50% a year plus and headed for a larger sales volume than the US -- it is scary, really scary. Oil and gas for electrical generation is booming a rate that exceeds car sales growth. It is not clear that the global atmosphere can absorb this explosion in Chinese consumption. You sound like somebody describing China five or ten years ago, before the last doubling in the size of their economy. Stop looking backward -- look at what is going on now -- look at the future.