TikiNYC
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- Jun 29, 2009
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knows what it is doing on economic matters (others include Brazil, Singapore, UAE).
UAE, you mean Dubai? Yeah, those guys know a lot.
But reading your reasoning, you know more about economics as a predictive science than practically anyone else, including Chanos, Faber, Rogers etc etc.
Japans economy exploded in the 60s 70s and 80s. Everyone was predicting it would be Numero U N O. Since about 1992, it's been in a slow decline and slower recovery that hasn't fully recovered. 2 lost decades. And it was and still is Number 2. Whereas CHI'S economy is similar to Italy, with multiples of the population it can only manage something the size of Italy. I don't see CHI making something like Prada, Gucci, Ermenegildo that will be as popular and sell in the US, ME, Europe, Australasia, Japan like these luxury brands from Europe do. No one in Chi will want to buy the Chi version, the rich want the real thing from Europe. And I don't see an equivalent of Sony, Nikon, Canon, Nissan, Honda etc etc because the Koreans have that sewn up next with LG, Samsung, Hyundai etc etc Only Lenovo, which was bought off the shelf and even then, it's not a star brand like some of the others.
They are also bleeding people, as few who live in the US or other Western countries wish to return. There's probably a good reason for that. Without exports more and more will have to return to the countryside as the factories stop the growth theyve experienced.
Italy is a long way from Japan, and that's a long way from the US. Tokyo National Capitol Region alone has a bigger economy than PEE ARE SEE.
But let me guess, your argument will consist of a lame hubristic nationalistic douchebaggery type of attack with 4 letters.