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You're right. People can overshoot in either direction. The classical way to overshoot is to take a current trend & assume it will last forever. It rarely happens. The trend often hits natural limitations. That will inevitably happen for Chinese economic growth, although I believe it has...

There's a huge difference between the two countries. China is 10 times bigger (in terms of population). China is only half way through its industrialisation process. Still has a long way to go. That's why it is going all around the world, trying to secure as much natural resources as it...

I kind of agree with that. A lot of the economic commentator don't seem to understand the Chinese economy. Not so long ago they were predicting it would be badly affected by the US slump. Many people assume the Chinese economy acts like ours. It is a capitalist system, but it seems...

Thanks for the link Michael. Quite interesting article. I do believe that many people here & in the US underestimate China. While the US is wasting its funds & focus in Iraq & Afghanistan, China is quietly securing access to natural resources throughout Africa. Its economy & financial...

There's no clear alternative to the US dollar yet. So the US can be keep printing money happily in the meantime. How long will this last is everybody's guess. Cheers,

This is not new, but it reflects a long term trend that more and more people have started to notice. http://www.smh.com.au/business/australia-exits-americas-orbit-after-crisis-20091227-lg7x.html For decades, we have been looking to the US & Wall St as the centre of our economic universe...