Sunday, July 26, 2009

CHINESE AND US OFFICIALS MEET

"But the Obama administration intends to remain focused on the trade gap. It plans to stress at the talks Monday and Tuesday that China can't rely on U.S. consumers to pull the global economy out of recession this time. In part, that's because U.S. household savings rates are rising, shrinking consumer spending in this country.

"Perhaps the most important message we are going to have for the Chinese is that there has been a fundamental change in the U.S. economy," said a senior administration official, who briefed reporters on the meetings under rules that did not permit use of his name. "The U.S. economy is going to recover, but it is going to be a different type of recovery than what the Chinese have seen in the past."

2 comments:

Anonymous said...

Yes - US consumer spending runs in 20 year cycles. The next major bottom is due in December 2012. By that time this notion that China is the growth engine of the world should be exposed for the fraud that it is. Without the USA buying their crap; they are toast.

Other interesting cycle's include -

US dollar reaches a major low in 2012

Gold begines a move up starting at the end of this month. Bounces aside, will be up into 2010.

The major trend for stocks (monthly) is up to FEB 2010 top; down to NOV 2010; up to OCT 2011 and then the big move down to DEC 2012.

Weekly cycles are calling for a top in AUG 2009 to a bottom in SEP 2009, UP to FEB 2010, down to SEP 2010; etc.

2012 should be an interesting time period with the Mayan Calendar long count ending as well. If you make into 2013, intact, then there should be nothing but Blue Sky.

Overall I believe that the demise of the US and US dollar is premature. The US has the best farmland, technology, military, education, hospitals, infrastructure etc in the world. What we don't have is leaders with back bones, common sense and integrity.

Taxing the US public and giving away our manufacturing, money and natural resources to foreign countries and illegal residents is a crime.

Fight back by buying only what you need and buying only American. If your bank or borkerage company supports outsourcing pull your money and put where they don't cripple the American worker. Also, don't forget to vote at all times.

D said...

Intelligent and some good observations.

The Chinese are on a BUYING BINGE of things. SO many incorrectly felt they would SELL US $$'s ,NO they will use them to buy the world.
They are stockpiling COPPER and things....which is keeping prices uP considering the lack of DEMAND for them.

We must TAKE OUR MEDICINE if we do not 2012 blues skies will turn into something else, a PROLONGED agonziing sub par growth.

Unemployment may persist for YEARS, how will a sustainable BULL take hold if true? Statistics nees to say more than "not as bad as before" or falling a lot slower"

D