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

To: Joe Stocks who wrote (89856)	12/23/2007 3:55:01 PM
From: bart13	Read Replies (2) \| Respond to of 110194

The US is $43,800 and China is $7,800 per the most recent Factbook. cia.gov

To: Joe Stocks who wrote (89856)	12/23/2007 7:25:50 PM
From: TobagoJack	Respond to of 110194

<<Just a thought. All those airplanes...TIE? BA?>> ... short both at some juncture within 10 years Message 24157419 BA is not secure against competition, same as Ford as to TIE, china has a large lock on the basic global titanium oxide ore reserve, as China does over rare earth elements for those electronic gizmos that go into cruise bombs and telecommunication gears - has simply been exporting the basic material due to lackings in processing capability and capacity - situation changing, and rapidly if you think 100 dollars a barrel oil is crude, wait till 48 months down the road when china puts export quota on some new age stuff as it had done with coal not so long ago

To: Joe Stocks who wrote (89856)	12/23/2007 8:09:16 PM
From: Oblomov	Read Replies (1) \| Respond to of 110194

You're right - labor is a lot cheaper, and there are few environmental impact or noise studies that need to be conducted (which is what makes building an airport in the US a 20-year endeavor). US GDP per capita is about $45K, or about 10x what it is in China. I'm sure that some of the airports under construction are large airports, comparable to an international airport in the US... there are at least 200 cities in China with metro area population greater than 1MM, compared with 50 in the US. On the other hand, the lower per capita income means that a smaller proportion of the population is capable of affording air travel. The airports, much like skyscrapers in Shanghai, seem to be built based on forecasts of future demand rather than an immediate economic need. This is laudable in a sense- in the US we build new roads or airports only long after they are needed, while in the quasi-planned economy of China, infrastructure is built in reasonable anticipation of demand. The problem is that reasonable forecasts are notoriously wrong at the turning points, which is one reason that there are recessions.