Why the economy won't fail. - Democratic Underground

Deja Q

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Wed Mar-22-06 01:09 PM
Original message

Why the economy won't fail.

http://news.zdnet.com/2100-9584_22-6052513.html?tag=zdfd.newsfeed

Dell says China shipments revving high

The chairman of Dell, the world's largest PC maker, said shipments in China are growing at more than twice the speed of the market after the company posted sharp market share gains in last year's fourth quarter.

Dell expects unit shipments in its third-largest market to rise more than 40 percent in the first quarter, outperforming broader China market growth expected at 15 to 16 percent, Chairman Michael Dell said.

"If unit growth is 40 percent and market growth is 15 or 16, we are very happy," Dell told a press briefing on Wednesday.

Who needs the US anymore? The Chinese seem to be making up the slack.

Wake me when they do a thing about piracy... which won't be until they are seriously threatened.

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Deja Q

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Wed Mar-22-06 01:31 PM
Response to Original message

1. Nary a response?

:cry:

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TreasonousBastard

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Wed Mar-22-06 01:57 PM
Response to Reply #1

3. Just waiting on the numbers for...

the growth in car sales in China.

Toyota, BMW, and GM don't need us much either.

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400Years

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Wed Mar-22-06 01:53 PM
Response to Original message

2. we're no longer even in the picture

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cliss

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Wed Mar-22-06 02:01 PM
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4. Our economy is a hollowed-out

shell. We don't manufacture anything, at least not like we used to. That's what propelled the US to world leadership in the early 1900's.

Now? There's not much going on anymore, compared to other countries. We're just consumers. We consume stuff. 25% of the world's natural resources, and 30% of petroleum.

You're right: the Chinese are making up the slack.

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Odin2005

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Wed Mar-22-06 02:23 PM
Response to Reply #4

6. We've become the Roman empire.

Edited on Wed Mar-22-06 02:23 PM by Odin2005

An economy based on slaves (3rd world people making our clothes and shoes, etc.) with the screwed over plebs kept happy with bread and circuses.

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Roland99

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Wed Mar-22-06 02:05 PM
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5. You mean to say the "world" economy.

Edited on Wed Mar-22-06 02:06 PM by Roland99

As for the U.S.....

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Yollam

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Wed Mar-22-06 02:44 PM
Response to Original message

7. Creap cruddy PCs selling well in China...

...does not mean the debt-laden US economy won't fail. The minute foreign investors see greener pasture, they will pull their money out of the US and put it elsewhere before you can say "downward spiral".

But whatever. Keep up with the puffery, and see if you can make a few bucks off of the last few bubbles and bubblets.

For my money, I'd invest in debt management companies and bankruptcy auction houses. They'll be doing a brisk business in the coming years (not that they haven't been doing great since back in the Clinton years...)

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