The Next Bubble

Discussion in 'Economics' started by BlueHorseshoe, Nov 25, 2008.

  1. there seems a little contradiction there.
    How often have you been in China ?
     
    #51     Dec 1, 2008

  2. Indonesia's turmoil was rooted in ethnic conflict, which was triggered by an economic melt down. Many of those south east asian countries are torn societies, where 5-10% ethnic Chinese control 80+% of the economy. China doesn't have this problem as they are one of the most homogeneous societies in the world.

    As for the government's obsession with the 8% growth rate, it basically comes down to overambitious goals set forth by somewhat self deluded new bourgeois class. These guys have been reading too many "rising tiger" type books that flooded the market in the 90s. They think they will become a super power in a few years which is nonsense. Their entire economy is based on selling goods and services to an existing to super power, so any shakeup in the world power structure will hurt them greatly. So you can take that 8% benchmark for a grain of salt.
     
    #52     Dec 5, 2008