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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 (99630)	11/11/2008 5:45:35 PM
From: Robin Plunder	5 Recommendations Respond to of 110194

"<<Again, I believe economic theories are meant to serve the people, as a whole, not just for the few.>> ... you must take a break from your studies, for you are ... how should i say politely ... damaged." bingo...looks like a great example of what is called "rationalism", ie, focus on connections between propositions rather than getting information/knowledge by examining examples and reaching a generalization from the examples.....u can argue forever with this mentality and it will still be locked up in its own world...need to change the method of thinking. Robin

To: TobagoJack who wrote (99630)	11/11/2008 6:43:09 PM
From: Hawkmoon	7 Recommendations Read Replies (2) \| Respond to of 110194

<<Again, I believe economic theories are meant to serve the people, as a whole, not just for the few.>> ... you must take a break from your studies, for you are ... how should i say politely ... damaged. If you believe that people will permit themselves to serve an economic taskmaster that doesn't better their lives, I would suggest that you're the one who is damaged. After all, isn't that why the Maoists and Marxists were ushered into power in the first place, because they perceived they were being exploited by Chiang Kai Shek's regime? You might be living in your shiny ivory tower there in Hong Kong, but to think you're immune from a popular backlash by the masses is sheer delusion. But, of course, I'm sure you'd just pack your bags and hed for Singapore or the US. This is a global economic slump. It's not just the US, nor just Europe. If there aren't enough markets for all your knick-knacks and melamine laden products, who are you going to sell them to? I have nothing against the industrious nature of the average Chinese worker. In fact, I highly admire them. But they are not the power that be in China, now are they? They have very little say in their government, and most of them don't share the kind of freedoms you enjoy there in HK. What happens when all of those savers start withdrawing their money from your banks because you don't have enough deposit insurance (what is it.. HK$100,000.. or US$12,000)? businessweek.com Do you expect Li Ka-Shiang to have enough money to buy up the shares of every bank in China as he did when Bank of East Asia faced a run?? Don't get so arrogant when you think about the success of China's economy. Every country requires a market to sell into. And the fact is that we've had a tremendous trade deficit with China for years now, which is how you accumulated all of those dollars in the first place. And rather than implementing extreme protectionist measure and tariffs to balance out this deficit, the US permitted China to sell products here, and many US companies formed JV's with Chinese companies to lower their own production costs. So now you have all of this economic capacity, but facing the prospects of having those markets shut off to you. So the question is whether China can facilitate the change to internally driven demand to sop of that excess supply capacity? Just hope that the lessons you are so arrogantly trying to point out to us are not visited upon your own economy, as I really fear is going to be the case. Hawk