Comments on: Beijing starts a ‘Buy China’ policy

By: Edward Harrison

Edward Harrison — Wed, 17 Jun 2009 12:01:00 +0000

aitrader, you’re spot on. This is the real protectionist echo of the Great Depression – China going protectionist. I have always said we are in a cyclical bull aka bear market rally. The only question is how long the rally lasts. With precedents like these, it could end sooner than later.

By: Glen

Glen — Wed, 17 Jun 2009 10:48:00 +0000

More talk from China attempting to assert their supposed power and talk of a new reserve currency, ‘Buy China’ policy etc is all it is. In the end, the Chinese still own $1.7 trillion in US$ denominated holdings and they need the US to buy their junk goods as much as the US needs China to keep buying their junk bonds. 20-30 years ago it was mutually assured destruction that kept the USSR and the US from obliterating each other with plenty of rhetoric between the two sides each keeping up the appearances of superiority. The same is being played out again today between China and the US in the economic sphere.

By: aitrader

aitrader — Wed, 17 Jun 2009 09:09:00 +0000

Wow – yet another echo from the first Great Depression.

And still the “green shoots” and “this is not a 1930′s depression” mantras abound.

So which side of the fence are you leaning to right now Edward – a still budding recovery or a bear-market rally that will soon bust?

By: Guest

Guest — Wed, 17 Jun 2009 01:28:00 +0000

uh oh.

First place I read this, thanks for the link. And the new era of protectionism begins. This is big big news.