Article

2009-08-02 China-Japan-Koreas

The China Bubble's Coming -- But Not the One You Think

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Posted by 3dc 2009-08-02 13:58|| || Front Page|| [5 views ] Top

#1 "People without food or work tend to riot. To keep that from happening, the government is more than willing to artificially stimulate the economy, in the hopes of buying time until the global system stabilizes. It's literally forcing banks to lend -- which will create a huge pile of horrible loans on top of the ones they've originated over the last decade."

Are you sure he's talking about China?

Posted by Barbara Skolaut">Barbara Skolaut 2009-08-02 18:35|| 2009-08-02 18:35|| Front Page Top

#2 I was in the huge Cabela's Sporting goods off of I-435 in KC this afternoon. I walked completely through the mens's clothing and shoes sections, picking up and examining at least 20 items without finding anything made in the USA. With the exception of the excellent firearms department, nearly everything in the store was made in China. No, at nearly $1300, I didn't buy the pristeen Model 99 Savage. Be advised, they are nearly sold out of .22 ammo.

Posted by Besoeker 2009-08-02 19:58|| 2009-08-02 19:58|| Front Page Top

#3 Re#2:

From the way they are hitting/playing I wouldn't be surprised if the ROYALS bats were made in China too. And as for Herm Edwards, I think he'd make a good sweatshop manager/coach for cheap NFL football knockoffs.

Posted by borgboy 2009-08-02 20:08|| 2009-08-02 20:08|| Front Page Top

#4 I just read a thread over at Belmont Club about the "cash for clunkers" program where a commenter theorized that 'clash for clunkers' is a way to saddle purchasers of new automobiles with impossible-to-pay auto loans... which the gov't will be pressured to take over the institutions which instituted those bad loans is threatened. Ordinarily, I am reluctant to attribute to malice (aforethought or otherwise) that which can easily be attributed to simple incompetence ... but in this case I might be persuaded. Another commenter suggested that the long-term goal might be that of removing car ownership as an option to everyone but the upper-middle class and above, therefore throwing all those below that line onto public transportation or bicycles...
I have never owned a totally new car. Nor has anyone in my immediate family. It's always been used cars, most of them good, all of them runnable and affordable.
Something to make you think, anyway.

Posted by Sgt. Mom">Sgt. Mom 2009-08-02 20:11|| http://www.celiahayes.com]">[http://www.celiahayes.com] 2009-08-02 20:11|| Front Page Top

#5 Good on ya Sgt. Mom. I purchase a new American made car for Mrs. Besoeker every 10 years or so whether she needs it or not. I drive a very old Chevy truck to and from Home Depot and Loews, etc, and a newer, small Ford for in-and-around town. It was a one year old "program car" which had 22k miles at the time of purchase. I would recommend program cars to anyone. I've found them to be a good bargains. Cars and trucks can be bargains, but seldom are they good investments. BP and the Southeren Co. are investments, they pay nice dividends.

Posted by Besoeker 2009-08-02 21:04|| 2009-08-02 21:04|| Front Page Top

#6 At some point India is going to realize that the bulk of garbage made in China could easily be made in India, they'll clear out some of the nonsense internal laws that slow development and their economy will skyrocket at China's expense.

At some point the Mexicans might realize the same thing, with their proximity and NAFTA...

Posted by rjschwarz 2009-08-02 21:25|| 2009-08-02 21:25|| Front Page Top

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