Message:

<p>[QUOTE=&quot;Morgan1878, post: 735724, member: 17869&quot;]First of all..I&#039;m not an investment banker. I&#039;m not greedy enough.</p><p><br /></p><p>I work at an investment firm and my daily duties involve a lot of detail work centered around trading, moving money, servicing clients and giving my perspective on the market to the people I work most closely with.</p><p><br /></p><p>As far as China is concerned..</p><p>The Chinese know that they will only hurt themselves at this point in their economic evolution by trying to be the &quot;top dog&quot;. Their economic strength is largely based on their ability to export cheap goods. </p><p><br /></p><p>At the height of our economic success, the U.S. was a strong exporter and also had a strong consumer economy that bought goods made in the U.S. with a lesser amount that was produced offshore. </p><p><br /></p><p>The Chinese do not have in any way, shape or form a strong enough consumer economy to ascend to the throne of the world&#039;s dominant economic power. The creation of a strong internal economy is where they will focus their efforts. It will require a long period of time. At this point they don&#039;t have enough educated citizens or enough jobs to revamp a largely agricultural economy. </p><p><br /></p><p>Economics in China also goes hand in hand with political stability. The Chinese leaders have the very difficult task of fulfilling the expectations of a very large population that for the most part knows about consumer comforts but will unlikely be able to attain them for quite some time.</p><p><br /></p><p>Compared to the U.S. and Europe when you look at the total picture of China,</p><p>it&#039;s an infant that is just starting to walk.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in