Broad Oak: your emotional support animal

Thursday, January 15, 2009

Under the floorboards

The Contrarian Investor reports that the Chinese will have difficulty stimulating demand within their own country, if the Western buying spree stalls. Poverty, compulsive saving by those who can, and stacks of cash hidden under corrupt officials' floors mean that helicopters filled with banknotes won't tempt the population to get out and blow their wads.

3 comments:

hatfield girl said...

Apart from the trouser-sharing that all sounds most Italian.

Nick Drew said...

if the Western buying spree stalls

well of course - if we don't want cheap garden furniture, they certainly don't

there'll be trooble at mill ...

HG - trouser-sharing ? could that have been the solution to the problems of the sans-culottes ?

Sackerson said...

Nick: "if we don't want cheap garden furniture, they certainly don't" - but maybe their neighbours will. I've been told that the Japanese are known as the "lazy Asians"! Goodness knows what that makes us.