China’s growth will decline – dramatically

19 Jul

It is impossible for China to continue to grow as it has.

Between rising internal costs, enormous pressure on the true price of its currency, and a REAL lack of natural resources this is not the US circa 1910 we are viewing.

The population is too large and the political atmosphere too repressive to bear the violent social upheavals necessary and inevitable for a true middle-class (the real wealth creation engine of capitalism) to evolve.

We should not fear China: we should be ready to exploit its coming fiscal problems.

Great piece from the NYT here:

http://www.nytimes.com/2010/07/20/business/global/20hedge.html?_r=1&hp

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