>>>>>> The proof is in the pudding.
>>>>> You mean like USA gdp of $14trillion and gdp per capita of $46,000.
>>>> 1. That's not evenly distributed.
>>> Is it in China? The gap between rich and poor may, if anything, right
>>> now be greater in China than in the USA.
>> But it's _decreasing_ in China...
> Cite.
Below you _yourself_ claim that the middle class is growing in China.
> Admittedly, I don't know
Below you _yourself_ claim that the middle class is growing in China.
You suffer from a compromised reasoning ability.
. . .
> Btw, according to the same ChinaDaily the Chinese themselves
> officially categorize about 80million Chinese as middle class - or
> less than 7%% of the population.
But it's growing.
>>> The middle class in China,
>>> while growing,
>> The exact opposite of what's happening in the U. S.!
> Perhaps,
That's a horrible admission for an American to make.
> especially since we're in an economic slow-down at the moment
Even the Great Depression didn't wipe out the middle class nearly as
much as Reaganomics and GOP tax cuts for the rich.
> and a major source of net worth for Americans is their homes which
> have decreased in value for the moment. But the Chinese still have a
> long, long way to go to catch up with us - or almost any major Western
> country for that matter, not to mention some of the more prosperous
> Asian countries, such as Japan.
>> Anyone who denies peak oil will deny anything.
> Do you deny the 30%% drop in crude oil prices in recent weeks?
After spiraling 250%% pump prices dropped 12 percent -- and apparently
have already started back up -- and you think it's time to reopen the
SUV plants.
> Not the
> price action you would expect in a world supposedly running out of
> oil.
A smart young man like you could make a killing buying all these SUVs
everyone is still unloading for nothing.
. . .
>> Is there any reason to believe China will not continue to enjoy double
>> digit growth rates?
> Certainly. It's unsustainable and no one has ever done it
The U. S. steel industry did it for 3 decades.
> especially
> not an economy as managed (and thus as prone to be fucked up) as is
> the Chinese.
As long as they have double digit growth rates and a growing middle
class, Americans have no room to lecture Chinese about economic
growth.
>пїЅ(No one is smart enough to manage an entire economy.
They've been the envy of the world for over a decade.
. . .
>> Is there any reason to believe Soros erred believing that the U. S.
>> will be in a recession for decades?
> You mean other than he is an idiot
Who somehow accidentally became a self made man.
> who overgeneralizes from his skill
> at short term trading to the grandiose assumption that it gives him
> special insights into the long term direction of economies?
He also survived the Holocaust.
>> Is there any reason to believe Buffet, the most successful free
>> marketeer of all time, erred finally trading Dumbya dollars for
>> foreign currency?
> You mean other than the fact that he is now losing his shirt because
> the dollar has been rallying strongly?
First, Buffet was only nominally invested in foreign currency.
Moreover, the only reason the dollar is recovering at all is because
Putin invaded Georgia discrediting all the jingoist rhetoric of AwOL
Bush - McSame.
What's bad for GOP tax cuts for the rich is good for America.
> Just as Berkshire Hathaway
> stock has been falling?
> However, very much unlike you, I'm sure that Warren Buffet doesn't
> think he is omniscient.
Buffet is aware that he is unique. Everyone knows I'm pretty much a
straight man.
>>> it will
>>> take China decades to catch up to the USA.
>> In just 6 years China will do what no other country on earth has done
>> in over a century:
>> Surpass the size of the U. S. economy.
> It will need far more than the 10-12%% growth rates of recent years to
> accomplish that.
China's is already 1/2 th the size of the U. S. economy.
That comes out to be 6 years for double digit growth rates.
>It has to bridge the gap between a $3-4trillion gdp
> and a $13-14trillion gdp.
> Apparently you have some difficulty with basic arithmetic.
You are in a state of denial concerning the size of China's economy.
>>> And once more, what does that have to do with "free speech on economic
>>> issues"?
>> They have a growing middle class and a growing economy.
>> They have free speech on economic issues.
> Do you know what a non-sequitur is?
Do you know what it means when GOP "market" economists dodge the
question:
"Does free speech precede each and every free trade?"
Bret Cahill
