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User Info Pillars of deflationists' arguments disputed; entered at 2007-12-02 13:41:49
Gmak
Posts: 10179
Registered: 2007-07-27 Re-inventing the future at the speed of time.
"DrChaos" wrote..

Who is in better condition to recover? Who has the factories? Who has the means of industrial production? Who has the natural resources? Who has the food?

China.
China.
Saudi Arabia.
China, Brazil & USA.


I do not think that China has the food. That is one of the problems.

1. Movement of rural workers to the city
2. 4000 sq km of arable farmland disappearing every year to the advance of the Gobi Dessert.
3. Shortages caused by price freezes

That is why ag and dry bulk shipping have been doing so well - anticipation of the food play on China.

Add Water to the equation, and China is headed for a lot of problems.
2007-12-02 13:41:49