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| Global stocks rise following the DOW | |
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| Tweet Topic Started: Mar 6 2013, 09:57 PM (508 Views) | |
| Thumper | Mar 6 2013, 09:57 PM Post #1 |
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Fire & Ice Senior Diplomat
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Bad news for the Shorts. http://money.msn.com/business-news/article.aspx?feed=AP&date=20130306&id=16200292 |
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| Mountainrivers | Mar 6 2013, 10:07 PM Post #2 |
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Fire & Ice Senior Diplomat
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Watching Morning Joe this morning. Two stock market types on saying they see no reason the market won't go higher. |
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| Banandangees | Mar 6 2013, 10:08 PM Post #3 |
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Fire & Ice Senior Diplomat
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Here's an investment to think about. I'm thinking this is where Obama got an idea and what he is talking about when he says, "We must invest in infrastructure, it puts people to work." Link For you lefties, don't forget to push the "play" button. |
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| Thumper | Mar 6 2013, 10:10 PM Post #4 |
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Fire & Ice Senior Diplomat
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Standing on the sideline are we Ban? |
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| Banandangees | Mar 6 2013, 10:21 PM Post #5 |
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Fire & Ice Senior Diplomat
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When you're independently wealthy, it doesn't matter where you stand. |
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| Thumper | Mar 6 2013, 10:26 PM Post #6 |
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Fire & Ice Senior Diplomat
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Alms for the poor? |
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| Mountainrivers | Mar 6 2013, 10:26 PM Post #7 |
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Fire & Ice Senior Diplomat
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In fact, it did put people to work. But housing isn't the kind of infrastructure Obama is talking about. He's talking about roads, bridges, green energy, high speed rail, etc.. It would be interesting to get a different take on the China situation. This is from your link. "Yale's Stephen Roach argues that China is experiencing "the greatest urbanization story the world has ever seen," and that these ghost cities will soon become "thriving metropolitan areas." So, maybe 60 minutes is just too soon in the process. |
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| Thumper | Mar 6 2013, 10:30 PM Post #8 |
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Fire & Ice Senior Diplomat
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Looks like a big real estate bubble in China. |
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| Banandangees | Mar 6 2013, 10:44 PM Post #9 |
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Fire & Ice Senior Diplomat
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Yes, perhaps too soon. Even though the poor from the ghetto houses that were torn down have no equivalent place to go (according to 60 Minutes), China is probably betting on the come down the road. But the workers who built those "cities" still don't seem to have enough to afford those expensive apartments/homes and the male in the interview said that the government doesn't let citizens invest out-of-nation, and savings interest is no better than ours, you have to wonder what the government is thinking.... they aren't known for their stupidity and they don't worry about votes. Perhaps they can turn those subcities into tiny sub-apartments like our high rise ghetto apartments here in the US.... but that would put a drain on the Chinese government's pocketbook as it does ours. Maybe they created their own monster, socialized governments seem to have a way of doing that in time. The Chinese developer interviewed suggested a possible up coming "Chinese Spring." |
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| Mountainrivers | Mar 6 2013, 10:49 PM Post #10 |
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Fire & Ice Senior Diplomat
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If the boom in population materializes, this might very well have been a stroke of genius. Incomes are rising in China as evidenced by the fact that some people can invest in those buildings. When and if incomes reach the level where more people can buy their own homes, those investors will probably make out like bandits. If not, well, that's the risk you take. |
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3:10 AM Jul 12
