Hi SP and all,
"I hate to be contrarian but the US is way more stable than China, if the Chinese government wasnt funding bubbles in a dozen different markets it would be collapsing right now, the Chinese are building stuff they dont need at a pace never seen before in history, stuff with zero economic value to them in the future, whole cities of empty housing, bridges to no where .......if history is aguide at some point the wheels will fall off and massive social unrest will unfold, nothing short of revolution could unfold in China when this happens"
100% agree with your conclusion drawn from the above nonsense SP.
What some forget to say about China during (and before, after and continuing today) the GFC is that they were able to execute their grwoth plan perfectly. Meaning that they already had planted their team around the globe and were able to snap up rediculously undervalue assets of greedy, poorly trained Western managed Companies for a song. If you need an example of one Australian company that fell prey, you should not be investing.
China are and will continue to be a far more stable economy than any other in the world and will continue to grow imho.
And if, that is a big if, China were ever to fall over and experience some type of "un-controlled" massive revolutionary, it would be "good night nurse" for the West and the rest in any case......and all others would then realise how China has, is and will continue to be the single huge engine of momentum and growth in the world economy.
Cheers.
K
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