--- In obrolan-bandar@yahoogroups.com, "Elaine Sui" <elainesu...@...> wrote: > > *So what do you propose? that the govt shouldn't give a hand?
YES, precisely. Let creative destruction/liquidation run its course. Deflate the credit bubble. Start over from a more healthy basis (money from savings, not debts) > > Unlike the US counterpart, China is using their OWN money to spend on > infrastructure sector, thus will stimulate growth (instead of bailing out > troubled company and buying toxic debts). You really believe the Chinese has amassed their humongous reserves on their own? It's for the most part illusion, due to US overinvestments there and now are being liquidated. And you will likely see it sometime next year when RMB crashes. You watch... China's reserves are going to decline precipitously in the coming months (it already has actually). As one economist put it (don't remember the name), investments there does not SLOW DOWN, it DISINTEGRATES. After all, China has massive overcapacity problem in almost all sectors. By govt stimulus, what do you propose? Curing overcapacity with more overcapacity? It's like fighting fire with gasoline. Chinese economy will be a DISASTER next year. Sure, I know the dems are more > like socialist than the reps. But it's not a bad thing after all. I notice > that you're a bit negative with the recent rally. Have something in mind? > Let's discuss. I don't have any problems with this market rally, I'm actually enjoying it. Like I told you, right now we're in the same boat (if you really BUY). It's the LONG TERM outlooks of the global economy, that we disagree on. > > Elaine** > * > On Mon, Dec 15, 2008 at 11:39 AM, pemainedan <pemaine...@...> wrote: > > > Wrong. China was poor when it embraced socialism. Look how it boomed > > as one of the major economies when it embraced capitalism. Now it > > appears to go back into socialism again with govt interventions (so > > far 586B USD). > > > > That is the same path the US is likely to go (with Obama's New Deal). > > Oh... if you want to look what the New Deal result was when it was > > applied, look at DOW chart at 1930-1933. > > > > --- In obrolan-bandar@yahoogroups.com, "Elaine Sui" <elainesui83@> > > wrote: > > > > > > *China. > > > > > > Elaine** > > > * > > > On Mon, Dec 15, 2008 at 11:21 AM, pemainedan <pemainedan@> wrote: > > > > > > > At difficult times, people look at their governments for help... > > they > > > > really should have thought again. > > > > > > > > The article is from 2002. It nonetheless still proves very > > relevant > > > > today. Japan workers are the most efficient in the world? Think > > > > again... answer is YES for 10% of the capitalist part (which > > includes > > > > Toyota, Sony, etc), BUT huge NO for 90% of the socialist bigger > > part. > > > > > > > > Govt interventions in turn just makes a country increasingly > > socialist. > > > > Now, just look anywhere in the world where a socialist country > > actually > > > > prospers. Where? Nowhere! > > > > > > > > http://www.time.com/time/magazine/article/0,9171,395413- 1,00.html > > > > > > > > > > > > ------------------------------------ > > > > > > > > + + > > > > + + + + + > > > > Mohon saat meREPLY posting, text dari posting lama dihapus > > > > kecuali diperlukan agar CONTEXTnya jelas. > > > > + + + + + > > > > + +Yahoo! Groups Links > > > > > > > > > > > > > > > > > > > > > > > > > > > ------------------------------------ > > > > + + > > + + + + + > > Mohon saat meREPLY posting, text dari posting lama dihapus > > kecuali diperlukan agar CONTEXTnya jelas. > > + + + + + > > + +Yahoo! Groups Links > > > > > > > > >
