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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Hawkmoon who wrote (11598)	1/31/2009 10:45:25 PM
From: Cogito Ergo Sum	Read Replies (1) \| Respond to of 33421

It's been Chinese savings that has fueled our economic bubble, The roots go back to the end of WWII.. The US standard of living really started to soar. but somewhere along the line the installment plan changed to credit... and the Chinese just happened to be convenient symbiont .. it would be far less painful for them to help us restore our economic health t I'm not really sure how this would work.. I think the US needs citizens living withing their means and maintaining good personal balance sheets.. It's a US solution.. I believe the Chinese are really a red herring.. I think they will opt for preserving their own hides.. I have no answers and find myself playing each day by ear :o( TBS