Everyone thinks the world is ending!

i guess you've never set foot in one of those large cities. have you ever seen images/videos of huge traffic of bicyclists and motorcyclists trying to compete for space with cars on the streets? i live in LA, traffic conguestion here is a very big problem. its worst in large cities in china. its like lower manhattan everyday, except you have enormous amount of additional bike traffic. they are stuck as far as street expansion goes. its a large automobile market, but the infrustructure can handle so much of it. there's an upper bound, and that market is not far away from it.

"well, the American world might be ending"

agree.

"We're a blip. And one giant market inefficiency."

agree. senators/house of rep trying to pass legislations to halt outsourcing(at least for gov contracts), that's one giant step back for man kind.

Quote from FireWalker:

Well some of that may be true, but entrepreneurs don't usually throw money around without looking at the potential market.

Most of China's population is rural, but that still leaves about a half billion people who live in cities. That's one hell of a big market who loves to buy cell phones and computers. Look at the rate they are snatching up cars. Up 80% or something from last year. Yes only 1% of the population can afford a car, but next year it will likely be 2%. 2% of 500,000,000 is a lot of cars.

The world isn't ending, but it is undergoing some huge change. (well, the American world might be ending)

Americans somehow think we are the center of everything and the rest of the world walks around barefoot in huts and villages.

We're a blip. And one giant market inefficiency.
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ENERGIES: June crude oil closed up $0.77 at $38.98 today.
Prices hit another fresh contract high above $39.00 per
barrel on the terrorism fears amid the weekend attacks in
Saudi Arabia.

June heating oil closed up 202 points at .9881 today.
Prices hit another fresh contract high, and closed near the
session high. Bulls are still very strong.

June unleaded gasoline up 438 points at 1.3058 today.
Prices soared to another fresh contract high and fresh all-
time high today as the powerful bull market rolls on.

June natural gas closed up 3.8 cents at $6.269 today in
active trading. Prices hit another fresh contract high
today. Bulls are in strong technical control.


No worries mate!:)


Geo.
 
500-600 dollars ? You know it's not very far from the basic salary of an employee in france.


how do you expect people to buy alot of things with that type of salary?

CREDIT WILL DEVELOP OF COURSE :p

Quote from lilboy716:

average salary in a decent job in a large chinese city is around 3000-5000 yuan/month, divide that by 8. you get 500-600 dollars US. how do you expect people to buy alot of things with that type of salary?
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$500-600/momth salary for decent salary job in large chinese cities. that's not an "median salary"

france's per capita in 2002 was $25.7k
china's per capita in 2002 was $4400.
(http://www.worldfactsandfigures.com/gdp_country_desc.php)

massive credit cannot develop in a country with government owned central bank. there is no private banks in the country. yuna is locked on the dollar at 8.3yuan/USD. there's a very high # of gov official corruptions in china. too many loans have been defaulted. the credit in america is fueled by the asian countries. who's going to fuel the credit rush in china, if it happens?

what happens if the asian countries figured out that the IOU's from the US gov turned out to be an IOU-nothing and dump the TBill on open market?



Quote from harrytrader:

500-600 dollars ? You know it's not very far from the basic salary of an employee in france.


how do you expect people to buy alot of things with that type of salary?

CREDIT WILL DEVELOP OF COURSE :p
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