Sam Spade
SamSpade
Atlas Star
Posts: 27,547
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« on: May 22, 2009, 10:27:42 PM » |
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I could never understand how China thought it could increase production and this would cause demand to rebound from the US after the demand collapse. It's illogical. I mean, they could do some stimulation among their own populace and encourage them to spend, but it would never make up for what has been lost. Never.
I'm not saying China couldn't eventually do this, but it takes a while to develop such an economic system and you need some breaks too. China is nowhere near this.
This is the soon-to-be (or already happening) result of the all the exporter countries (India too) and it will not be pretty. We'll be better off than they are in the short-term, even though long-term, we're worse off, I suspect.
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