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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: fatty who wrote (178062)	1/19/2009 5:55:18 PM
From: Jim McMannis	Read Replies (1) \| Respond to of 306849

The US was carrying the world by buying the junk with RE flipper dollars. Kaboom.

To: fatty who wrote (178062)	1/19/2009 6:56:42 PM
From: Lizzie Tudor	Respond to of 306849

well I was just stating the consensus of a few mos ago like this, China's economic growth would be about 9 percent if the United States recession is mild, whereas a more serious US recession could lead to the Chinese economic growth capped by about 8 percent, said Glenn Hubbard, dean of the Columbia Business School and a former advisor to US President George W. Bush. "When I was here last winter, the fashionable discussions had all been the decoupling of the Asian economies from the United States, and that nothing happens in the United States is relevant for Asia. Of course, it was never, and is not, true," said Hubbard, who chaired the Council of Economic Advisors under Bush in 2001- 2003. chinadaily.com.cn This article said Chinas estimated GDP would be capped at 8%, and now it is looking like 5%. <I>China 2009 GDP growth forecast cut to 5.5 pct - Morgan Stanley So whoever is making predictions about China is away off. cnbc.com