Comments on: Rebuilding the Consumer Economy – BRIC by BRIC http://dailyreckoning.com/rebuilding-the-consumer-economy-bric-by-bric/ Entertaining Ideas on the Economy, Markets, Gold, Oil and Investing Strategies. Sat, 11 Feb 2012 03:39:16 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: sierra http://dailyreckoning.com/rebuilding-the-consumer-economy-bric-by-bric/#comment-42342 sierra Wed, 02 Dec 2009 16:34:14 +0000 http://dailyreckoning.com/?p=20718#comment-42342 Prior to the incoming Reagan Administration in the early '80's, a "white paper" was drawn up as to what the priorities of that new group would focus on; on the list was the statement, (para)"....American labor must be crushed to a world level playing field before American corporations can compete in the future." The rest is a continuing history. Welcome to the future! Prior to the incoming Reagan Administration in the early ’80′s, a “white paper” was drawn up as to what the priorities of that new group would focus on; on the list was the statement, (para)”….American labor must be crushed to a world level playing field before American corporations can compete in the future.”
The rest is a continuing history.

Welcome to the future!

]]> By: a big fan http://dailyreckoning.com/rebuilding-the-consumer-economy-bric-by-bric/#comment-42293 a big fan Wed, 02 Dec 2009 11:42:27 +0000 http://dailyreckoning.com/?p=20718#comment-42293 Bill, you should know that Chinese consumption numbers as reported includes government consumption. Don't be fooled. Bill, you should know that Chinese consumption numbers as reported includes government consumption. Don’t be fooled.

]]> By: Rahul Deodhar http://dailyreckoning.com/rebuilding-the-consumer-economy-bric-by-bric/#comment-42207 Rahul Deodhar Wed, 02 Dec 2009 03:29:02 +0000 http://dailyreckoning.com/?p=20718#comment-42207 Right on the money! I think, amongst the BRICs, India bet is less risky at the moment. Particularly since it is a more balanced economic model. Though stock markets are now secularly moving up - so warning lights are just started to go on. Secondly, the consumption center of the world has to be around India and China - roughly 3.2 billion people stay here and a healthy percentage out of this has savings and strong household balance sheets. Third, how can US and developed countries be competitive against Chinese production without exchange rate parity. That has to correct. Right on the money! I think, amongst the BRICs, India bet is less risky at the moment. Particularly since it is a more balanced economic model. Though stock markets are now secularly moving up – so warning lights are just started to go on.

Secondly, the consumption center of the world has to be around India and China – roughly 3.2 billion people stay here and a healthy percentage out of this has savings and strong household balance sheets.

Third, how can US and developed countries be competitive against Chinese production without exchange rate parity. That has to correct.

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