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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Joseph Silent who wrote (65629)	8/21/2010 6:57:39 PM
From: TobagoJack	Read Replies (2) \| Respond to of 218053

hello joseph silent, i know generalization is just that, generally is not everybody. in any case, i think that generally, (i) i believe and observe that older cultures bring up their kids in older ways, and that being lots of savings, no debt, go to school, work diligent, ... and i see such in the east, west, and in america amongst the more established and better preserved cultures even as they get inevitably polluted somewhat at the edges by the pervasive social norm that has given rise to a new (relative) pop culture. this same pop culture has also done pollution in the old worlds, but in only a small degree and not of fatal dose, and not likely to be. for example, our not-yet-6 erita knows savings, why (school fees, food, books, doctor, rental properties), even as she knows sharing, why, and to what extent. (ii) charley smithy is wrong to say people in china don't often think long term. imo, people in china, and the leaders, do think short, medium, long, and extremely long terms, encompassing from tomorrow to 50 years from this day. and the top leaders stick around for 12 years at a time to do and be accounted for. what enough people see of china is generally a 3-years holiday snap shot; and many think of china as a stretch of recent history covering 18xx to 1992. very few get a sense of the 6000 mega epic, enough have no clue about the last 600 years episode, and folks in the main have no idea that the new episode just got started. (iii) take the stock markets, should shanghai / hkg exchanges go to zero, i am fairly sure that the consequential results would be yucky, but life would generally continue as before, with each family having suffered a 5-10% hit to their collective nav. as far as the general population would be concerned, a casino got closed down. should nyse / nasdaq go to zero, what do you believe would happen? in which case would necessary infrastructure and important money functions continue the next days? imo, cnbc-typical pop culture is bad news. it espouses a belief that anyone can buy something they know very little about, and have it go up in value at a pace faster than the general economy, often enough and at someone else's expense. while i agree some can do well by the stock markets and other exchanges of promises, i am doubtful that the general population can engage and win. one thing i note about the chinese real estate market, is that the secondary trading is very constricted, a good thing, and folks generally buy and hold, and certainly not at any material negative cash flow.