Good Article

Folks,

At the below website is a very good article by Richebauer at bottom of page...


http://www.dailyreckoning.com/Issues/2005/DR091405.html


One observation he makes...


"In China, however, the specific components are real estate and manufacturing
investment, while in the United States, it is consumer-spending excess. "


Think about this... we have expensive (overpriced?) houses with big mortgages
and the Chinese have overpriced property that they own... USA has and cool
computers and cars and refrigerators... and the Chinese have world class
manufacturing capability. Who is in the better position?


This is a result of Chinese policy taking advantage of USA policy. The USA
is the initiator, in the driver seat. We will not do what is necessary to end
this situation (eliminate the fed), but it does not mean we cannot do well and
do good as this scenario unfolds.

John

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