I have been reading Harry S. Dent books, newsletter and reports over the years and although his “predictions” are sometimes not coming trough the way he originally thought, I am essentially in agreement with the long trend and he has a point when analizing the situation from a demographic standpoint.
Also I follow the blog posts at the H S Dent website and forum and since I did come across an interesting one this morning I thought I would like to share some excerpts with my readers:
For the entire post please click here.
The China Bubble
By Charles Sizemoreâ‹… February 4, 2010
…Meanwhile, consumption contributed a comparatively measly 4.6%, while net actually exports subtracted 3.9%. So,virtually all of Chinaâ€™s growth is based on stimulus / investment.Â Without this capital spending splurge, Chinaâ€™s growth rate would have been a paltry 0.7%.
Interesting isn’t it? We have all heard of the incredible growth of Chinese economy during these difficult times but…maybe we have been looking at the wrong numbers…