Amazing how much difference a few years make. We first visited China in the 1980s. It was an appalling dump. Few cars. Few roads. Almost no decent restaurants or hotels. Now in Beijing you see large black luxury automobiles everywhere… and modern highways crisscrossing in front of huge hotels and apartment buildings.
The Chinese have made real progress! And what about Americans?
But let’s check in on Wall Street before we continue our tale. Uh-huh... nothing much going on there. Monday was another lazy, hazy summer day. Neither stocks nor gold did anything worth talking about.
So... back to China...
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Really, you post this drivel? Tyler Durden the author of this column is a character from Fight Club. As for it's information, while there is growth in China's economy it is benefiting very few. He has no sources or an basis for the info he reports in the article. China's inflation is just as bad or worse than the US. Most of the hotels and restaurants are empty or empty shells, same for most of the buildings. The auto industry is just as bad in China just cheap copies of foreign produced cars.
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