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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Elroy Jetson who wrote (102037)	9/16/2009 2:17:27 PM
From: Hawkmoon	Read Replies (1) \| Respond to of 116555

Funny how you bring up that video piece (which was pretty well done). You can't get find a more of a "Big Government" approach than in China, where one political party remains unaccountable, but very nervous about the excesses of "Big Money". But, of course, "big government" facilitated "big money" to that excess, because many of the politicians were becoming fantastically wealthy exerting their power and influence. And they should be nervous. 35 million people unemployed in Shenzen alone is the stuff that revolutions are made of. It also begs the question why the Chinese are such big savers, yet they face such hard times? Isn't that what a good majority of people on this thread are advocating.. cash only purchases, save, save, save?? Saving is good, but ultimately yield is what's most important (ask the Japanese about that).. Getting a decent return on your savings should be the focus and treat investment on an equal basis as cash savings. Hawk