miss seeing the large changes in China during the collapse for U.S.
The 1st chart shows U.S. that when we caught a cold in 07 so did China
The 2nd chart shows U.S. that retail sales in China have more than doubled
but if it had not been for the six month at the end of 08 it would have tripled
or even quadrupled - in FIVE (5) years!
The 3rd chart shows U.S. two things:
First, China made large increases in lending and spending at the end of 08.
when our job layoffs peaked, they took economic action, immediately
Second, unlike U.S. the forced their banks to actually MAKE loans.
We bailed out GM & Chrysler and AIG, and then the Big Banks
what we did NOT do is require the Big Bad Banks to lend funds to U.S.
As Pretty Woman was oft heard to say:
"Mistake. Big mistake."
--------------
---------------
------------
==============
Top 5 Graphs of the Week: China Economic Outlook
http://econgrapher.blogspot.com/2010/10/top-5-economics-graphs-of-week-23.html
==============
No comments:
Post a Comment