Believe or Wish for What You Want, But We’re Headed Higher

Reading as much market commentary as I do, I don't think most people have even the slightest realistic inkling of the effect that China and India are going to have on the world financially, and in terms of raw prosperity, in the next decade or two to come. And you know what? I'm tired -- really -- of hearing and noting that China are a bunch of commies. We're a bunch of commies. What's new? What's new is that you can be a commie and still have a nice house, two cars, and take a vacation every year. They've gone and done it (us, and them). They've figured out how to steal half of everything produced and still have a content population with citizens more prosperous than their parents. The Shanghai Stock Exchange composite index has shot up about 50% this year, following a 130% gain in 2006. The Shenzhen Stock Exchange's benchmark is up more than 100% in 2007. Ordinary Chinese are increasingly dipping into their savings accounts (the country's central bank reported on May 12 that $9 billion in savings has been transferred to brokerage accounts at the Shanghai exchange this year) to bet on mainland stocks. It's...

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Richard Nikoley

I'm Richard Nikoley. Free The Animal began in 2003 and as of 2022, contains over 5,000 posts. I blog what I wish...from health, diet, and food to travel and lifestyle; to politics, social antagonism, expat-living location and time independent—while you sleep—income. I celebrate the audacity and hubris to live by your own exclusive authority and take your own chances. Read More
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