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re: The Time Table for the Dollar
Posted on 12/11/12 at 1:54 pm to Crbello4Hiceman
Posted on 12/11/12 at 1:54 pm to Crbello4Hiceman
quote:
That being said, their growing middle class and desire for prosperity might cause the nation to junk their approach to international property laws, etc. which have previously held them back. When the US economy is surpassed, china could become a much more attractive nation on which to base the global economy. Is this a threat to the underpinnings which have allowed us to run the deficit and use stimulus/easing while avoiding negative side affects? Serious question- I don't want to over-react to 1 article out there.
I'm not going to go into detail, but just keep in mind this very important aspect when discussing China:
There are very, very powerful vested interests in China. They are mostly involved with the communist party, and the communist party controls the state-run enterprises which are by far the largest companies in China. The middle class wealth will grow, but it will not be a smooth transition from an export driven economy to a consumption driven economy by any means. Will they pass the US by 2030? I don't know but I actually seriously doubt it for some structural and financially technical reasons.
Posted on 12/11/12 at 2:01 pm to BennyAndTheInkJets
You know how hard it is to move a 55" LCD before they level your neighborhood for another hydro power plant or road to Grand Central Station?
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