We are thinking of China as we used to think of the USSR in the 1970's. A powerful force.
Evetually reality took over in the USSR. And the bubble burst. This is what is going to happen to China. Their political system and concentration of power is not conducive to economic growth. China is doomed to much slower growth. Exactly like Europe.
George Dagnino, PhD Editor,
The Peter Dag Portfolio.
Since 1977
2009 Market Timer of the Year by Timer Digest
Portfolio manager
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