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Subject:
If Cash is King China set to emerge as Emperor
Necromancer
12/3/2008 5:48:53 AM
With huge savings and massive US Dollar reserves China is all set to buy half of the world.
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Nanheyangrouchuan
12/3/2008 2:57:29 PM
What a load of crap. When AIG tanked it was discovered that 20% of China's forex stash was in AIG bonds. Now what are they worth?
Also, China needs its cash reserves to shore up the rapidly faltering economy. 7.5% growth means trouble even according to China's own central economists. And national governments can always block China from buying any important companies, just as China has done to foreign buyers.
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Necromancer
12/3/2008 11:44:40 PM
What a load of crap. When AIG tanked it was discovered that 20% of China's forex stash was in AIG bonds. Now what are they worth?
Also, China needs its cash reserves to shore up the rapidly faltering economy. 7.5% growth means trouble even according to China's own central economists. And national governments can always block China from buying any important companies, just as China has done to foreign buyers.
Well here is wishing u r right, but US is done with superpower status in 20years or much less. In 2006 I warned of housing market collapse -it happened. The difference between China and US is 15 years or so in tech and closing soon by way of espionage and acquisiton(China will soon be able to buy what it wishes, it has something most people don't CASH). Post Bush USA simply blew it.
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Nanheyangrouchuan
12/4/2008 9:15:31 PM
What a load of crap. When AIG tanked it was discovered that 20% of China's forex stash was in AIG bonds. Now what are they worth?
Also, China needs its cash reserves to shore up the rapidly faltering economy. 7.5% growth means trouble even according to China's own central economists. And national governments can always block China from buying any important companies, just as China has done to foreign buyers.
Well here is wishing u r right, but US is done with superpower status in 20years or much less. In 2006 I warned of housing market collapse -it happened. The difference between China and US is 15 years or so in tech and closing soon by way of espionage and acquisiton(China will soon be able to buy what it wishes, it has something most people don't CASH). Post Bush USA simply blew it.
Yet you have no citations to back up your theories Herc. I'm reading from The Economist, not Friedman or "1 Billion Customers" or other such "China hand" crap. Beijing is enjoying their technology achievements but at the same time so many are losing their jobs and salaries are being cut in half while the property market tanks worse than the US. Your warning of a housing market crash came as the market was already falling, and you got that info from some statements made by the handful of hedge fund managers who have made a killing on the stock market and commodities collapse.
Hey, Chinese investors are in the US real estate market as well, guess who else is getting hurt?
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