Western grasshoppers and Chinese ants

[FreakinDJ]

Western grasshoppers and Chinese ants

By Spengler

A major theme is missing from the central bankers' annual retreat at Jackson Hole, Wyoming. Everyone is talking about collapse of the US home-price bubble and the danger of recession, but no one is talking about the suckers who financed the bubble, namely the savers of Asia.

Asia will do so no longer. If the United States wants Asian investors to continue to take risk on its shores, it will have to allow them to buy solid US companies, rather than the sort of debt derivatives that blew up this summer.

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I thought of course they would be offering up all the foreclosed homes

[Deja Q]

1. Very interesting...

:popcorn:

[FreakinDJ]

2. Hey Hypnotoad – long time no see

I remember coming back on a flight from Asia in 2003. Yes they were still pretty mad about Enron - WorldCom then too. Now they have been led down the golden path 1 time too many.

With all the debt Taiwan, China, and Japan are holding, the US stands some serious trouble should they decide to start unloading dollars

[Deja Q]

3. But who would want to buy them?

(and it's good to see you too!)

That's the twisted, ironic beauty of the while situation. The US just cannot be flung off the same way an 8 year old boy flicks off the piece of snot he mined out of his left nostril.

Given the quality of goods being purchased by America (and the rest of the world), I dare say a gaggle of illiterate toddlers were making them, and such have no right to be angry at America for being treated as such. Particularly with the media's reporting of how China (and other dirt countries) are building their nations and improving their people. (What they are getting is far more a bargain than what we have gotten, lead lining and all.) Only certain multinational corporations, who seem to have no qualms exploiting anybody are to blame, probably. Which means my snide remark against those Chinese companies might just be undeserved, but until more comes out one way or the other I may as well be cynical against everybody. :shrug: