Quote:
Originally Posted by BigAls87Z28
450ish down today...ohhh yeah baby!
Gold is up, but still some 200 bucks off its peak.
Oil up 5 bucks to still under 100 a gallon..yet gas is still in the mid 3's.
85billion to AIG did nothing
China is talking about developing a World economy where the US is not the main player.
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China doesn't have the negotiating power to do that. China may have a growing economy, but they are nowhere near a global leader. Four years ago I attended a seminar on China and their economic and military issues and current concerns, and at that time their economy was growing, but didn't have the stability or infrastructure to support a competitive global market. China at that time was looking at buying into the EU, but all studies showed that it would actually weaken the country rather than help it grow because it couldn't diversify or compete with European standards, so they put that plan on hold, so I don't see China taking over anytime soon in terms of global competition.
