China Financial News

[charlz]

Here is an interesting article I came across:

the-rise-and-fall-of-america: Personal Finance News from Yahoo! Finance

 

[ultrarunner]

I have talked about it on here before but several years ago I read the book "The Great Reckoning" which called for the 'transfer of superpower' from the US to another country, at that time they thought it would be Japan. A great global depression goes along with this transfer of power.

I have this book, bought it many years ago and often wondered how the predictions never came to pass.

In a nutshell, Japan was everything.

Back in the late 70's and early 80's... you couldn't walk on a University Campus Business or Engineering campus without the topic of how Japan was the dominant force... Toyota even partnered with GM to build cars in Fremont CA... the workers were taught Japanese thinking in terms of manufacturing... fast forward to this year and the plant is also gone.

 

[Gale Hawkins]

Here is an interesting article I came across:

the-rise-and-fall-of-america: Personal Finance News from Yahoo! Finance

Good article.

There is an outside chance when at the last stage the first stage could be triggered again letting a nation experince two of these cycles before the fall of that nation.

 

[zonta223]

If this whole thing holds true then probably our future will parallel Englands' history during the last such transfer of superpower. If only I knew more of the history of England there might be some good clues there as to what we can expect.

what happened to England? many thing contributed to the loss of super power status but mainly

War 1914-1918
Great Depression
War 1939-1945.

When you try and be the worlds policeman you finish up with everyone hating you and large financial commitments with very little worthwhile economical gain.

Happened to the Roman Empire etc etc.

Bob

 

[Gale Hawkins]

World power swings back to America - Telegraph

Just coming off of an 8000 MH trip to the Pacific coast I have to say the rate of spending from KY to CA seemed to be quite high with many areas experiencing good times.

If we do actually develop 3 million new jobs from 800,000 returning from China this will greatly help our tax base and trade balance.

 

[the6shooter]

I have been saying that the American people can ture all of this around, If we as a whole would just make 10% of our purchases, with made in the USA.
Products we can change this deficit, Thats why I have myself started doing it. I.E. rotory cutter, Tiller and trailer, and now when I am in our stores I really do look for the made in USA labels.
I know I am 1 person doing this, but if everyone reads and starts doing it too. we are only making our country better.

Now for stage 2, start telling our young folks to stop doing what hollywood tells them to do, like voting in politiclly corrupt politicians.
These are the people that tell our young people how to vote and they don't know squat.
It happened to the romans too, and they thought actors and play rights where the lowest for of people, in their time and here we go again.

Sorry guys and gals I hope I didn't go off course to much.....
Just my :2cents:


The global markets

 

[EMB5530]

I have been saying that the American people can ture all of this around, If we as a whole would just make 10% of our purchases, with made in the USA.
Products we can change this deficit, Thats why I have myself started doing it. I.E. rotory cutter, Tiller and trailer, and now when I am in our stores I really do look for the made in USA labels.
I know I am 1 person doing this, but if everyone reads and starts doing it too. we are only making our country better.

Now for stage 2, start telling our young folks to stop doing what hollywood tells them to do, like voting in politiclly corrupt politicians.
These are the people that tell our young people how to vote and they don't know squat.
It happened to the romans too, and they thought actors and play rights where the lowest for of people, in their time and here we go again.

Sorry guys and gals I hope I didn't go off course to much.....
Just my :2cents:


The global markets

Definitely something that needs to be said over and over to everyone untill we all GET IT.:thumbsup:
And DO IT

 

[JDgreen227]

This week's TIME magazine has a cover story: "The China Bubble" and the main story opens as follows: "Be Very Afraid of the China Bubble, it's economy grew on real estate mania and easy money--does this sound familiar?"

The article goes on to say that the estimate of China's contribution to global economic growth in 2011 is 24%...TWENTY FOUR PERCENT !!!!

I honestly wouldn't have paid much attention to the TIME article until I saw this thread, then I went back and reread it. Their Premier, Wen Jiabao, is quoted as saying "our nations economy is unbalanced, uncoordinated, and unsustainable".

 

[Gale Hawkins]

It took a few articles to get my attention too. The last thing we need is for them to become unstable and slowed down by unhappy citizens with protests or worse.

Due to having so many go go years in a row I do think they are at greater risk than a country like the USA who has some history with these cycles.

 

[Gale Hawkins]

Europe crisis talks come down to the wire - Oct. 25, 2011

While we have our MAJOR problems I think HOPE in the USA is on the uptick a bit more than in China/Europe.

While messy we get to change a bit each election cycle. Biting the bullet is becoming more possible and I am sure we are going to talk it to death over the next twelve months.

In the end we will move in a correcting way I expect. Having the rest of the world in trouble at the same time may help us see we much act sooner than later.

Our birth rate of 2.0 is low but so much higher than Europe or China. That can buy us a few decades of time over them in dealing with some financial issues.:thumbsup: