Gary Shilling wonders ow long the China US Tango can go on? China's economy is built on exporting to the US. AS I noted in my Pay Pal post, Americans have put the brakes on spending. So, exactly who is China going to build for in the future. Add to that a race to the bottom on which country has the cheaper currency. And now as you can read, each is accusing the other of not 'properly managing the economy the way it should.'
Fred Astaire and Ginger Rogers made a string of famous movies in the 1930s. The movies featured elaborate dance scenes amid opulent splendor of sets and costumes. The same thing is being re created again on Dancing with the Stars, a popular television program. Such fluff takes people's minds off sub prime mortgages and such.
In the same way, China and the US are still dancing except the music may have stopped, has anyone noticed?
Professor Elam 
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