The Chinese will save us!
Started by bardamu
almost 17 years ago
Posts: 113
Member since: Apr 2008
Discussion about
http://www.google.com/hostednews/ap/article/ALeqM5jqmdY9Li3sXP1OmR7udy3pU_XEvwD96A51L03 "It's a great time to buy because of the financial crisis, and houses in large cities like New York and Los Angeles will definitely go up in a few years," Ying said.
If their exports keep falling off the cliff that they are, they may need help themselves. The Chinese economy which is primarily export based has serious problems of their own.
I just hope they keep buying our Treasury debt 'cause if they slow their participation with these massive deficits, we have problems Houston. They'll be able to buy their houses even cheaper.
China's economy may fall, but there is one thing that the Chinese know how to do--and that is save money. We Americans only know how to spend money... and usually money that we don't even have. Thus, with the money they have saved, they can come buy cheap :)
This always goes the same way...
It starts off looking like it's working out great.
The fortune cookie comes with the bill.
Have you ever had a 'good' fortune cookie?
Oh no! it's thirty minutes later and I'm.......................................................hungry
Me so sorry...
Chinese have the money that will save the planet, the question is, if they want to spend it or not. Forget import or export, they have the resources to do it all.