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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: Elroy Jetson who wrote (108847)6/22/2010 7:59:14 PM
From: THE ANT1 Recommendation  Read Replies (1) | Respond to of 110194
 
I have watched many Brazilians who looked poor 6 years ago become big consumers.They have had 100% improvement in buying power in $ from currency appreciation,as well as about 50% improvement in wages, as well as an increase of Credit/GDP with resulting sustainable asset increase(Credit/GDP<100%)I think the same thing will happen in China when it is in their interest.With a currency increase of 100% they can buy 2X the raw materials.Why not keep labour employed and improve life style if you cant export as much?Are you complaining about the current administration stimulating production and consumption we can not afford?By the way,anyone have any idea of what Chinas Debt/GDP is?