RE:RE:IT'S ACTUALLY SURPRISING THE MKT IS DECLINING DURING WARThat's what I have been saying all along! It's actually worse than that. They have the fastest aging population, 20-25% youth unemployment and the need to import I suggest 80% of their energy.
I suggest that Communism has a simple agreement with the people. The people do as their told and the Communist party provides economic well-being for the people.
This pact is cracking. Protests in China are increasing. Rights are decreasing. Corruption is increasing. There's a whole lot of big trouble in little China.
China as we know it today will be significantly different in the next 2 decades. Population collapse. Throw in some geopolitical events like India deciding they want to help China on their way into the abyss, all that oil from the Middle East sails right by india on its way to China! Easy way to cut China off. Or, the Middle East has oil production destroyed by the Isrealies/Americans because of this conflict then where does China receive it's energy.
Oh ya, things are bad for China. It's on its way down, way down.
North America, surrounded by 2 natural moats (Atlantic and Pacific) will prosper in the future. 3 countries and a continental land mass capable of producing energy, food, materials etc and being able to transport them cheaply. Current demographics will support economic growth whereas the rest of the world not so much.
This is why the USD will persist as well. The rest of the world needs the USA, the USA doesn't need the rest of the world.
IMHO of course.