Skol, Chinese economy may be on the decline (7.5%) but that is...

  1. 105 Posts.
    Skol,

    Chinese economy may be on the decline (7.5%) but that is what should be expected given a lot of its consumers are not spending, latest US consumer figures are not confidence inspiring, down 13% for Black Friday. US debt has tipped over the $18 trillion mark. Additionally, the Chinese growth rate is almost double that of the US (3.9%).

    It is no surprise US car sales are the best they have been in years, given they are giving them away, it's the subprime mortgages again except this time poor people are being suckered into buying cars! This is what the US economy has become built on, a game of musical chairs....the music is about to stop and it's going to be the everyday joe left standing, punished for the financial greed of Wall Street which will have happened twice in succession. You need to start reading between the lines Skol, just a friendly heads up
 
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