i guess you've never set foot in one of those large cities. have you ever seen images/videos of huge traffic of bicyclists and motorcyclists trying to compete for space with cars on the streets? i live in LA, traffic conguestion here is a very big problem. its worst in large cities in china. its like lower manhattan everyday, except you have enormous amount of additional bike traffic. they are stuck as far as street expansion goes. its a large automobile market, but the infrustructure can handle so much of it. there's an upper bound, and that market is not far away from it. "well, the American world might be ending" agree. "We're a blip. And one giant market inefficiency." agree. senators/house of rep trying to pass legislations to halt outsourcing(at least for gov contracts), that's one giant step back for man kind.
ENERGIES: June crude oil closed up $0.77 at $38.98 today. Prices hit another fresh contract high above $39.00 per barrel on the terrorism fears amid the weekend attacks in Saudi Arabia. June heating oil closed up 202 points at .9881 today. Prices hit another fresh contract high, and closed near the session high. Bulls are still very strong. June unleaded gasoline up 438 points at 1.3058 today. Prices soared to another fresh contract high and fresh all- time high today as the powerful bull market rolls on. June natural gas closed up 3.8 cents at $6.269 today in active trading. Prices hit another fresh contract high today. Bulls are in strong technical control. No worries mate! Geo.
500-600 dollars ? You know it's not very far from the basic salary of an employee in france. how do you expect people to buy alot of things with that type of salary? CREDIT WILL DEVELOP OF COURSE
$500-600/momth salary for decent salary job in large chinese cities. that's not an "median salary" france's per capita in 2002 was $25.7k china's per capita in 2002 was $4400. (http://www.worldfactsandfigures.com/gdp_country_desc.php) massive credit cannot develop in a country with government owned central bank. there is no private banks in the country. yuna is locked on the dollar at 8.3yuan/USD. there's a very high # of gov official corruptions in china. too many loans have been defaulted. the credit in america is fueled by the asian countries. who's going to fuel the credit rush in china, if it happens? what happens if the asian countries figured out that the IOU's from the US gov turned out to be an IOU-nothing and dump the TBill on open market?