Quote:
Originally Posted by dyna mo
i'm not the sort to discount people's personal experiences or to challenge them on what they tell me is their reality/experience.
i hope you do the same, i didn't say china economy is not booming, i am saying there is a lot we don't know and a lot of sketchy things that comprise that *boom*,
it's certainly no miracle economy.
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What about YOUR reality/experience when you "supposedly" visited China back in 2008. At least confirm to us that this trip wasn't imaginary. What did you see in China?
China is BOOOOOMING man, deal with it.
There is a LOT of leverage in china, no doubt about it - and the property is something of a bubble. I reckon a lot of Chinese are in denial about that but the government is basically acting to slow it down by taking all sorts of measures. Whether they'll be successful is another matter because it could crash and that will create problems.
If China does actually crash its going to raise the AGI (AMERICAN GLOAT INDEX) over 5000%. Whatever happens, China isn't going anywhere but up in the long term. Don't forget China is a second largest economy in the world and will over take America sometime in the next 20 years (probably sooner). They also have massive reserves, more than any other country in the world.