See the US is doing alright. GDP for Q2 is 3.3% and what more can you expect? If, only if, we can quarantine the Financials, we will be able to ride through the storm and enjoy a healthy growth.
But Wall Street is actually the ruler of US regulators and there is practically no way to get rid of these Financials. The fat cats are always in control and it's a pity that the Americans have no say to control the destiny of their economy. See the so-called democratic USA is another a disguise for economic tyranny; it's just the Americans who can't face this truth.
On comparison, China is much better for there is no Wall Street to rule the administration. Our Chinese economy is managing very well despite all the natural disasters and man-made disorders in 2008 and we have hosted a very successful Olympic Game in Beijing. Well, even though things may cool down a bit after the BJ Olympics, I would think it will just be normal. However, you must consider the impact of the reconstruction works after the great earthquake and the impact of the BJ Olympics on the overall economic development for 2008.
Do you see the little light at the end of the tunnel now? The real culprits of all our economic problems are found in Wall Street. The crocodiles, vampires and deadly virus are all bred and generated in Wall Street; they are the ones who blow up the hedge funds, the housing bubbles, the short sales of financials, the leverages that go beyond our imagination, the Triple-A securities, the credit crunch, ....So they should pay the prices for their good deeds and bear the consequences NOT us, NOT the ordinary investors in the street, NOT innocent poor guys like me. Quarantine these Financials and let them live and die in the camp.
Saturday, August 30, 2008
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