In my view China is in the same boat right next to the highly indebted western world simply due to the high level of interconnectedness the global economy finds itself in today. They suply the crack, we use it. If we go into rehab everyone suffers. This can be readjusted ofcourse but that's harder than it sounds. Then they have some huge enviromental issues vastly overlooked by most market pundits today. Polution, severe lack of arable soil and drinkable water... These are all game breakers with no easy fix. The Chinese know this obviously and have been invading Africa as if they were Dr Livingstone themselves for instance but the allegiance of African interests goes back centuries and it can't be bought by USD alone so time will tell how that works out. To end of on a lighter note, where the western world loses out on China is our mindset of entitlement. The western world has enjoyed one of the longest periods of stability, peace and prosperity in it's history where as people were dying from starvation by the millions in China only a couple of decades ago. This makes for a far more resilient and tougher populace propably ensuring the country's swift rebound before ours should the crisis deepen much further. If the Chinese are smart they crash their own economy today rather than propping up what is unsustainable anyway instead of dealing with the unintended and probably worse consequences of government intervention later as western policy has clearly shown these last years.
our China expert just spoke. Thats it, China is all about trading organs, real estate bubbles, and what was it, DEATH VANS. Thanks for the laugh buddy, now hush hush back to community college in Columbus, Ohio.
Good to see you hard at work Dr Goebbels (of China). Nothing to see here folks, move right along please.......
someone IS actually from Columbus, you really cranked me up. Man, and this on a Monday. Thanks Buddy!!!
No one seems to be talking about the Chinese credit card problem. You think Americans are leveraged, check out numbers on Chinese farmers who maxed-out credit cards to buy stocks becuase it was a no-lose situation.
+1 americans now suffer from chinaphobia they always have some-country-phobia, they focus all their energy and resources on that country, plan and conspire towards fucking that country to pieces, they use the media and hollywood, then economic strength, if those fail, they nuke them but all that is over, how blind can you be to not see all the international hatred towards america, every country I go to, who ever I talk to, they openly express their hatred towards america and how they see americans as nasty animals who have no self control, discipline and decency
then maybe compare the average number of months of outstanding balance between those farmers and your average American citizen. Plus compare the available credit between the one the average American has vs the average Chinese, ADJUSTED for differentials in the cost of living and income. You be be surprised. You know, its funny how you wanna-be economists pick up funny statistics off some pro "lets bash China" internet communities while grossly disregarding reality. Only Americans have a huge issue to take a seat in the second row and have to continuously piss at the kid that took over. Why is that? You know, the thing that made me laugh the most was that in every newspaper and magazine around the world Canada finished first in the Olympics according to medal standings. Germany finished second. the US third. The ONLY magazine who calculated the ranks according to the total number of all medals awarded was Sports Illustrated. Guess who made the first place. LOL!!! But hey, must me that some people go along the lines of "hey if my export business sucks, my central bank only prints paper tigers, and if my government has to bullshit the rest of the world so they buy our ridiculously overpriced debt then why dont I make myself feel better by believing that the only thing that country on the opposite side of the globe, who does so much better, can do is to harvest organs, destroy the environment and kill everyone else who does not believe in communism. Funny huh?
You still here? Are you back from under your rock to be humiliated some more? Because just a few short minutes could pull out a great number of threads where you made a fool of yourself. Let's focus on the discussion instead of this troll.