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

To: Hawkmoon who wrote (113522)	8/12/2010 1:06:40 PM
From: John Vosilla	Respond to of 116555

'But I agree with you.. I think the Chinese people are in for a nasty surprise that may, unfortunately, create a long-lasting resentment and cynicism towards the idea of Capitalism. I know we're still in shock over what our dysfunctional form of Crony Capitalism has wrought upon our own economy.' That is the big question. Will the fallout create long lasting resentment over there? I live in a world where home prices dropped 50-75% and most who bought into the Bush economy are now broke and (or) demoralized. Most who prepared for this have a different view. Maybe this is the ultimate form of capitalism where the smart and savy are the biggest winners of all cleaning up the aftermath? I do have a sneaky suspicion far fewer Chinese are prepared than Americans ever were.