>>>>>>> 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.
Neither wiped out the middle class, or even reduced the number in that class.
>> 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.
>
>> ?(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.
So did plenty of others who didnt have a clue about predicting recessions.
>>> 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.
Just another of your pathetic little pig ignorant fantasys.
> 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.
Just another of your pathetic little pig ignorant fantasys.
> That comes out to be 6 years for double digit growth rates.
Just another of your pathetic little pig ignorant fantasys.
>> 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?"
