Re: This is the leading edge of the storm , Subprime MELTDOWN

On Jul 28, 1:01 am, PaPaPeng <PaPaP...@xxxxxxxxx> wrote:
On Fri, 27 Jul 2007 03:35:10 -0700, "ltl...@xxxxxxxxxxx"

<ltl...@xxxxxxxxxxx> wrote:
Will there be a world recession? Not likely as China's economy is
still red hot and will keep producing the cheap goods everyone wants.
Perhaps with a meltdown in the US the price of oil and strategic
materials (metals, etc) may drop. We may even get cheaper goods. The
only strategy you need to follow is don't get into debt. The interest
rates will be very high.

One exit from the current mess is higher farm product price. China
would then be able to pursue a strong yuan policy which will translate China's
economic growth into global economic growth.

At this point of time food in China is still very cheap and affordable
even to the poorest person. Half a Peking Duck at a famous restaurant
costs less than 100 Yuan. A steam boat meal in a upscale restaurant
is 40 yuan. A roadside stick of meat BBQed on a bamboo skewer is one
Yuan a stick. I wanted to try one or two, ordered 10 Yuan's worth,
got a handful instead. They were delicious. But I should not eat
roadside food.

Higher food prices in China is going to cause inflation. For the same
reason bottled propane for home use is at subsidized prices. Any
movement upward in prices of basic necessities - food, water, fuel,
housing, public transportation - is a very fearsome problem. I don't
know the answer but any movement in cost of living prices has to be
very carefully managed and slow. Not even a meltdown in the US
economy must be allowed to "panic" the Chinese economy.

USA is already beyond help

BUT this will be very very good for China

Only about 4% of people are American usa , with the war mongers out
the way , wars will stop and the oyther 96% will replace the USA in
months as they start to rebuild and grow

USA keeps most people poor so as to more easily control them

USA will melt downwithin 48 hours

China will never slow down in our life time

kanga
=====

www.en.wikipedia.org/wiki/Wall_Street_Crash_of_1929 -

Over the weekend, the events were dramatized by the newspapers across
the United States. On Monday, October 28, more investors decided to
get out of the market, and the slide continued with a record 13% loss
in the Dow for the day. The next day, "Black Tuesday", October 29,
1929, 12.4 million shares were traded, a number that broke the record
set five days earlier and that was not exceeded until 1969.


Wall Street Crash of 1929 - Wikipedia, the free encyclopediaThe Wall
Street Crash of 1929, also known as the Crash of '29, was one of the
most devastating stock market crashes in American history. ...
www.en.wikipedia.org/wiki/Wall_Street_Crash_of_1929 - 45k - Cached -
Similar


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www.en.wikipedia.org/wiki/Wall_Street_Crash_of_1929 -


Nothing can save America now





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