Re: The Long March From Yenan to Barclays
On Jul 25, 2007, at 1:11 PM, bhandari@berkeley.edu wrote:
Thus this question: will this export of capital prove a transient, periodic phenomenon to be interrupted sooner or later and replaced
by the import of US goods as part of an even bigger domestic Chinese
investment boom?
What goods? Aside from aircraft, what capital equipment would the
U.S. export to China? Most of China’s capital goods imports come from
Japan and other Asian countries.
If not, then why not? And what would that imply? A foreboding
inflation of financial assets?
We’ve already had one of those, since like 1982.
Doug