Here Come the "Chuppies"

Its been a while since I've posted anything on this blog. I believe I became a little exasperated with saying the same thing over and over again, even if it was ten different ways. I don't know that anyone reads this, at least not regularly. If anyone does let me know. Otherwise I'll just keep talking to myself.

For anyone out there that thinks that the world will hurt when the US hurts that may not be so true. Those countries that have high savings rates are sitting pretty. While the US will have to cope with a drastic reduction in our standard of living other parts of the world will increase their standard of living. It's possible that we are witnessing the beginning of a shift of producing economies like China becoming consumers of their own production. No longer will we be able send IOU's abroad in return for goods that we will never fully pay for. Nope, time to start to rebuild America. Let's get some factories here so we can provide for ourselves. Much of the rest of the world has not forfeited their purchasing power as we have so profligately done.

Check out what's happening in China right now. As we spend less there is a new breed of yuppie emerging in China - the "Chuppie":

http://www.moneyandmarkets.com/miracle-on-nanjing-road-2-28925