Monday, June 15, 2015

GDP, China and Energy

* Many countries improve the GDP by spending. The difference is China spends most of the money in investing such as infrastructure and the US spends most of its money in consumption (such as our generous welfare) in order to buy votes in addition to our endless wars.

* China's economy does not depends on slave wages contrary to several posts here. Many laborious jobs go to Vietnam... which have lower wages than China. China is moving up the product chain.

* I strongly advise not to buy drillers and explorers esp. in the shale energy. I made good profits in energy. Sold OIL two times making 30% and annualized to about 180%. Check out my amazing quarter that cannot be sustained for sure.

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