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  #11  
Old 01-29-2008, 09:48 PM
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shsong21 shsong21 is offline
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Re: America Economy
Thanks for your detail reply ! Willy !
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  #12  
Old 01-30-2008, 04:21 AM
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Re: America Economy
Like I said I hope I am wrong. But you know what happens to people who drive their car fast? They crash their car... China is driving way too fast, they will crash.
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  #13  
Old 01-30-2008, 08:18 AM
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Re: America Economy
I did the research. I know…there’s no point in bring up facts when it comes to shsong21, but here are the 3 month trends for world stock exchanges:

KOSPI (South Korean Stock Exchange)
2000 to 1650 (-18%)

DOW JONES (New York Stock Exchange)
14000 to 12500 (-11%)

FTSE (UK Stock Exchange)
6600 to 5800 (-13%)

Shenzhen (China Stock Exchange)
6000 to 4500 (-25%)

DAX (German Stock Exchange)
7800 to 6800 (-13%)

One more thing, here is a list of the Top 5 economies in the world:
(in $ millions)
EU 14,609,836
US 13,194,700
JAPAN 4,366,459
GERMANY 2,915,867
CHINA 2,644,642

http://en.wikipedia.org/wiki/List_of...y_GDP_(nominal)

5 years? Yeah, right.
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  #14  
Old 01-30-2008, 10:13 PM
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Re: America Economy
Quote:
Originally Posted by netmankt View Post
Like I said I hope I am wrong. But you know what happens to people who drive their car fast? They crash their car... China is driving way too fast, they will crash.
Haha....Maybe....... But they have a lot of population.
It means that has purchasing power. As you know, most Chinese people are still very poor but they are changing every day.
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  #15  
Old 01-30-2008, 10:29 PM
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Re: America Economy
Too many people. China's infrastructure is so outdated it will take 50 years to get to a standard of living comparable to Korea or 75 years to the US. Hospitals, Schools, Communications, roads, and railways are not able to handle the economic boom they experiencing, India is the same way.
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  #16  
Old 01-30-2008, 10:41 PM
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Re: America Economy
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Originally Posted by netmankt View Post
Too many people. China's infrastructure is so outdated it will take 50 years to get to a standard of living comparable to Korea or 75 years to the US. Hospitals, Schools, Communications, roads, and railways are not able to handle the economic boom they experiencing, India is the same way.
You're right !
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  #17  
Old 01-31-2008, 09:40 PM
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Re: America Economy
Not only is infrastructure important but as the US is now discovering maintenance of it also needs to be considered. There are examples of roads and bridges in every part of the world not just the US that demonstrate my point.
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Just my humble opinion!
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  #18  
Old 02-02-2008, 06:52 AM
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Re: America Economy
Bravo. The Chinese & Indian gov't have many very big challenges ahead.
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