The untold story is that Obama’s stimulus plan has crushed the dollar, increased interest rates and triggered another bold new energy run.
The result will …
- Slow the U.S. economy
- Increase U.S. unemployment, AND
- Crush U.S. manufacturing jobs as it creates new opportunities in China.
All at a time when China is moving at light speed to boost its internal growth rate.
Most investors don’t realize this, but China’s growth will hit a mind-boggling 7% in 2009.
To be sure, that’s less than the sizzling hot years of 11% annual growth, but compared with the expected U.S. contraction of negative 3% in 2009, you don’t have to be a computer scientist to know where the big money will be made in the next two years.
No comments:
Post a Comment