The Chinese are going long while we are going short. – sigintel

all evidence points to a gangster mentality. – cjm

Not either or. One of the themes I have seen develop since the beginning of so-called Reagan deregulation – call it what you want – is an increasing focus on quarterly returns at the expense of “building” an industry (investing capital) to create “real” long-term growth, as in the old manufacturing model, which, as we all now know, is no longer applicable to the services industries.

It cannot go unnoticed by some of the people here that China is in an industrial stage while many western democracies are in a “services” phase, which comes complete with its own attendant liabilities not the least of which is a shaky business model – rough on profits and rough on competition.

Debtor’s leverage covers rock. – 2164th

I have no idea what that means.