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October 21, 2008

Comments

Fred

I think the author of the quoted article did not understand "spending" and "investing" and the relationship between "producing" and "consumption". Capital spending is a form of investment which generates goods or services that people want. The US 15 trillion annaul GDP contains 2/3 of consumer consumption activities. If there is no buyer of these goods or services, the producer will strave which is what happen to the oil market crash in the last 3 weeks.

The best enterperture was quoted to "create something from nothing", Chinese translation - 白手起家. That art is where and how to spend money when you do have wealth. Stashing money under your bed will not produce econmic growth or create job. Buying Gold will only help the Gold producers and channel retailers. Buying bank which multiply your money supply could be very rewarding during down time when their shares are reasonably priced.

Tze-Chien Chu

Yes, I agree the different between Invest & Consume. And as you say. 2/3 is Consume not invest. I think that is too much. Sure , it will create Some Kind of Growth. But same as it will crash hard. If thoese purchase is wise and needed.It will be good. But from my point of view. American buy a lot of junk stuff from China and wast a lot of food. Same as here in Taiwan,too.

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