Thursday, Jun 11, 2009
Recovery via chinese (state) as consumer of last resort
Random blog: Spend it quickly
While decoupling was overstated, could the chinese spending their surplus $1trillion (while it is still worth something) drive a partial recovery in the world economy. Could the policies of the US force the chinese to spend and what effects would that have globally.
It is not that saving is inherently good or spending inherently bad as some of the killjoys on this site believe, in fact too much of either is bad in its own way.
Could there actually be a reality about the green shoots, not driven by western consumption but by chinese state consumption.
Posted by bellwether @ 09:36 AM (535 views) Add Comment
4 Comments
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. This comment has been removed as it was found to be in breach of our Blog Policies.
2. hpwatcher said...
I think the chinese are already beginning to spend it....the price of some raw materials has been increasing....they have also been buying gold.
3. bellwether said...
Thanks for the heads up Techie, I'm hundreds of miles away unfo, but sounds interesting and the poss of yours truly meeting yours truly would have been good.
4. techieman said...
b/w thats a shame in this instance but in general you living a long way from the "smoke" is probably much better for the health!
I was going to also address to STR2007 but he seems to have disappeared (summer recess maybe).