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September 24, 2008 – Comments (3)

In some ways I am amazed at what is happening in the markets and in other ways I wonder how come it didn't happen sooner.

For example, about 18 months ago I was discussing with a friend I expected bank runs, and probably the time frame I was thinking was a year or two down the road.  Northern Rock had a bank run about 4 months later.  Then there was a smaller one in the US.

Check out China...

Yup, China is going to save the economic world...

 

3 Comments – Post Your Own

#1) On September 24, 2008 at 10:16 PM, gman444 (29.11) wrote:

Dwot,

Good point--all eyes are really on what happens in the US at this moment, and they should be.  You have to think that one way or another, we will weather this crisis, for now, or more likely, probably buy some time until the next one.  Perhaps the price will be that it may be the last time we have such a degree of influence on the rest of the world.  China is out for their own interests, period.  Any slippage in the US world standing will benefit them, and we are doing it to ourselves!  As you say, this has been in the works for awhile---but I think govt. policy of recent years has accelerated the process....

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#2) On September 24, 2008 at 10:36 PM, EnigmaDude (98.06) wrote:

Well if you have kids (like I do), you might consider getting them to learn to speak Chinese. If we keep going the way we have for the past 8 years, China will be the world's leading super-power in another 8.

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#3) On December 27, 2010 at 3:34 PM, joepierce1988 (< 20) wrote:

  Bank

Good point--all eyes are really on what happens in the US at this moment, and they should be.  You have to think that one way or another, we will weather this crisis, for now, or more likely, probably buy some time until the next one.

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