GenrXr
Master Chief Petty Officer of the Navy
Joined: 05 Aug 2004
Posts: 1720
Location: Houston
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 Posted: Tue Jun 05, 2007 2:03 am Post subject: If the 80's Japan market correction was a $20.00 dollar... |
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If the 80's Japan market correction was a $20.00 dollar Chinese-made dive watch at 50 ft, the coming Chinese market correction will look like a $2,500.00 dollar Chinese sub at 800 ft, neither of which is pretty.
Truth is the communists have been playing loose with their financials for a long time. A lot of people have made a lot of money and will make much, much more, yet eventually the market will correct itself and China is not even close to being comparable to America in financial strength.
Today marked a 1 week, 15.3 percent drop in value of their key market index.
Wang Jing, royal communist over-seer of the peasant classes, explains with help from the usual useful Reuters idiot reporter how | Quote: | | "This is obviously panic selling, and the sentiment is quickly spreading across the market," said Wang Jing, deputy general manager at Everbright Securities.” |
Thanks for the insight Wang.
What exactly does China produce that the world wants? Flip flops and tainted tooth paste? A few years ago, a Silicon Valley executive said in 20 years China will be the world’s blue collar worker, India the white collar worker, America the innovator and Europe, dead.
Has not this already occurred?
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"An activist is the person who cleans up the water, not the one claiming its dirty."
"All that is necessary for evil to triumph is for good men to stand by and do nothing." Edmund Burke (1729-1797), Founder of Conservative Philosophy |
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