Thursday, July 16, 2009
China’s Economic Growth Accelerates to 7.9% on Loans
Loans are surging!
I've said this many times, but it should be no surprise at all. China is not hampered by faulty belief systems such as, "Taxpayer on the hook," or erroneous notions about debt and deficits. Government stimulus is providing a significant boost to aggregate demand and the banks are responding by lending aggressively. This would be the way to fix the U.S. economy (which slowly appears to be on the mend), however, we have it all backwards.
Policies in both China and the United States are rapidly moving in the direction of handing China economic supremacy. My Special Report on China explains why this trend will not be reversed. In addition, the report gives you four top China stock picks that over the past month, have outperformed all U.S. stock averages plus gold and oil! If you buy today you get a free, added bonus of my U.S. Fiscal Update, which takes an historical look at debt and deficit trends and puts it all into context and perspecitve.
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