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


To: Cogito Ergo Sum who wrote (12307)4/15/2009 9:27:13 AM
From: Hawkmoon  Read Replies (1) | Respond to of 33421
 
Biggest thing in their favour at the people level.. is that they still have the saver mentality..

TBS.. do you think those savings are secure? After all, if the current Mortgage speculation is pawning off their debt on the state owned banks, do they have deposit insurance yet? I know they were discussing it back in 2008:

china.org.cn

God forbid that the Chinese witness the kind of bank runs we saw back before we introduced FDIC.

Hawk