The Economic Time™ is just fine in China
|Our Correspondent||Nov 7, 2007|
Recent market speculation about who China's next leader will be is misplaced: the strongman era is over with!
Within this, the key job is to maintain social stability by creating 10 million new jobs a year - that is 10 times more than what is needed by way of job creation in America!
China's energy policy is evolving rapidly into more self-reliance with greater emphasis on renewable energy - what an investment opportunity! Wen's visit with Putin this Monday and Tuesday will focus very much on the sourcing of energy. It is intriguing to note that while Wen is visiting Putin, US Defense Secretary Gates is visiting Beijing.
China's energy policy will give rise to new geopolitical tensions where Taiwan and Myanmar are footballs in the game of negotiation.
Commodities are pulling markets up - and banks are coping with sub-prime crises
It will become evident next year, when markets finally accept that The Economic Time™ in America has been worsening for a good year - and that this is why the Fed has cut Fed Funds yet again.