World Economics

I've always had a general fascination with economics so much so that I took two introductory classes in collage: Macro and Micro Economics. I found it amazing that if ALL the correct principals are put together it is possible for a company or a country to be successful in a local or global economy. I emphasize all because that is the key it requires an mind broad enough to remember to consider all the variable and possible influences on the relevant economy. Ultimately this is why I never perused a career as an antrapanuer or any otherwise economy based career I felt myself lacking in this area. I now find myself wondering if I sold my self short because there are many others who have made a living in making economic advice but do not have a broad enough horizon of thought to adequately consider the important variables or influences on the economy. There is a great article in the Wall street Journal illustrating this point. It explains how Chinas push to make a strong entry into the world market sacrificed its local economy and now as we move into a recession or perhaps even a depression China may not have the local financial support to keep itself afloat.

The China Growth Fantasy - By YASHENG HUANG From Wall Street Journal Asia.
Remember the hype about "decoupling"? Not so long ago, Western analysts -- in particular investment-bank economists -- were peddling the idea that China had become a powerful economic center of its own, able not only to drive its own growth independent of the United States but also to power the global economy forward.

To the extent that these Wall Street economists are still employed, few would make that argument now. The economic numbers emerging out of China are sobering. Exports, still the backbone of the economy, are contracting for the first time in seven years, according to the latest data. They're being driven down by slackening demand overseas. Even worse is the sharp decline of imports, a sure sign of falling domestic demand. These two developments taken together signal monumental economic challenges ahead. Clearly China is not bucking global trends.

Entire article on the Wall Street Journal web site http://online.wsj.com/article/SB122988679995424611.html