Comments on: Five Reasons China is Not a Bubble http://dailyreckoning.com/five-reasons-china-is-not-a-bubble/ Entertaining Ideas on the Economy, Markets, Gold, Oil and Investing Strategies. Fri, 10 Feb 2012 23:16:51 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: et2cetera http://dailyreckoning.com/five-reasons-china-is-not-a-bubble/#comment-39644 et2cetera Fri, 20 Nov 2009 01:23:12 +0000 http://dailyreckoning.com/?p=20400#comment-39644 Wasn't encouraging consumption (over consumption to be more precise) that got the US economy into trouble? We can now see how useful it is to have savings - for rainy days like these. Whatever happened to thrift and prudence? And now you want the Chinese to over spend as well? So that they can join the rest of the world in the current mess? Great, this will ensure that this malaise will last longer. Hmm, the adage "Misery loves company" still rings true. Wasn’t encouraging consumption (over consumption to be more precise) that got the US economy into trouble? We can now see how useful it is to have savings – for rainy days like these. Whatever happened to thrift and prudence?

And now you want the Chinese to over spend as well? So that they can join the rest of the world in the current mess? Great, this will ensure that this malaise will last longer.
Hmm, the adage “Misery loves company” still rings true.

]]> By: John Smith http://dailyreckoning.com/five-reasons-china-is-not-a-bubble/#comment-39615 John Smith Thu, 19 Nov 2009 21:37:03 +0000 http://dailyreckoning.com/?p=20400#comment-39615 The service sector is very similar to government. They really don't produce anything and they grow bigger and bigger and take more and more of the profits of the producers. That is how it is possible to have record bonuses on Wall Street (service sector) and have 10.2 percent unemployment. The service sector is very similar to government. They really don’t produce anything and they grow bigger and bigger and take more and more of the profits of the producers. That is how it is possible to have record bonuses on Wall Street (service sector) and have 10.2 percent unemployment.

]]> By: Dave Johnson http://dailyreckoning.com/five-reasons-china-is-not-a-bubble/#comment-39608 Dave Johnson Thu, 19 Nov 2009 21:17:15 +0000 http://dailyreckoning.com/?p=20400#comment-39608 "We’re seeing a transition to a service-related economy. The service industry is the fastest-growing sector (roughly 20 percent faster than construction)..." Isn't that what got us (the U.S.) in trouble? “We’re seeing a transition to a service-related economy. The service industry is the fastest-growing sector (roughly 20 percent faster than construction)…”

Isn’t that what got us (the U.S.) in trouble?

]]> By: John Smith http://dailyreckoning.com/five-reasons-china-is-not-a-bubble/#comment-39598 John Smith Thu, 19 Nov 2009 21:05:47 +0000 http://dailyreckoning.com/?p=20400#comment-39598 China is a paper tiger that is built on enslaving its population while a few get very rich. Over 90% of chines make just enough money to feed them self and you are claiming that this will go on and on and that china will grow and grow. What you and many on these blogs fail to understand that having a billion people who are all clamoring after the same thing is not a good thing but a disaster in the making. China is a paper tiger that is built on enslaving its population while a few get very rich. Over 90% of chines make just enough money to feed them self and you are claiming that this will go on and on and that china will grow and grow. What you and many on these blogs fail to understand that having a billion people who are all clamoring after the same thing is not a good thing but a disaster in the making.

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