Why China’s Stimulus Plan Will Change the World
In other words, what goes around, comes around. Global schadenfreude toward a stupid and greedy United States and its subprime mortgage meltdown has rapidly become global concern about how to rescue the world from an all-encompassing financial disaster.
A disaster wherein almost all of those indulging in “schadenfreude” about the US’s “stupidity and greed” find themselves in an even deeper hole, thanks to their own stupidity and greed.
Chinese premier Wen Jiabao called his country’s stimulus the “biggest contribution to the world.” We don’t know whether that’s true, but we do know that China’s ability to reach deep into its huge coffers to finance further growth gives it a significant advantage over the rest of the world’s struggling economies. This is why we continue to believe in the Chinese miracle, and why we think more American investors should be taking advantage of this current temporary downturn to diversify their portfolios into previously expensive Chinese stocks.
As long as China is a fascist tyranny, it will never match the United States economically. Unless, of course, the US proceeds down the road of fascist tyranny itself.
Submit to Stumbled Upon!
Definitely the most asinine assertion I have ever heard in my life, and that includes some stiff competition. “Temporary downturn?” “Previously expensive?” My sides won’t stop shaking.