On May 16, 1:48=A0pm, rst0wxyz <rst0w...@[EMAIL PROTECTED]
> wrote:
> On May 16, 1:09=A0pm, Dave
>
> <fr...@[EMAIL PROTECTED]
> wrote:
> > When it comes to China, history is bound to repeat itself and
> > investors should be ready.
>
> > "People don't realize that in 1820, China was...the greatest
> > economic power in the world," said Princeton University
> > Economics Prof. Burton Malkiel...
>
> I'm afraid Princeton University Economics Prof. Burton Malkiel doesn't
> know what he was talking about. =A0In 1820, China had only the shell of
> the former empire with no muscles, no technology, no leader****p, no
> vision of the world ahead of them.
But did they have the largest economy in the world? He didn't say
military power, he said economic power. China was certainly in
decline by 1820 but they still were an economic power.
BTW, I once took Economics 101 from Burton Malkiel, 30 years ago. He
was a very good lecturer. Not that he can't be wrong ;-) but I don't
think he is in this case.
> > And in 20 years, China will once again claim that title...
>
> The decay and rot in China will take more than the next 20 years to
> clean up if ever. =A0I hope China will have the stability and vision to
> set its course and do what is right. =A0By the year 2050, we will have a
> clearer idea of where China is going. =A0Today, it is still very
> uncertain.
>
>
>
>
>
> > MarketWatch article:http://xrl.us/BuyChina-
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