“Soft despotism is a term coined by Alexis de Tocqueville describing the state into which a country overrun by "a network of small complicated rules" might degrade. Soft despotism is different from despotism (also called 'hard despotism') in the sense that it is not obvious to the people."

Tuesday, February 27, 2007

China Market Crash. What does it mean?

Probably not much. It looks to be a time to pick up a favorite stock or two on a buying opportunity.

To put China in perspective, the Chinese stock market capitalization was about US$800 billion. For comparison The United States has a total stock market capitalization of $20 Trillion. The US market cap grows on average 8% a year. That implies $130 Trillion by 2030.


  1. bobalharb,

    Stay away from carrots!

    Yet another blow is delivered to Boomers, proving once more that no one is getting out of here alive:
    Antioxidants don't help you live longer

  2. Paper profits, paper losses.

    Buy and hold or day trader, stratergy makes a lot of difference to success.

    Value buyer or Technician?

    Compounded 8% growth, doubles in nine years '16=$40, '25=80, yeah, by 2030 120 - 130 Trillion.

    Just buyin' Index Funds

    Straight line projections are often notoriously flawed, especially over 23 years.

    No wonder beachfront in Costa Rica can be expensive as San Diego, used to be.

  3. Allen said, Antioxidants don't help you live longer

    But coming to terms with the fact that you shall not live forever may let you live longer, through bypassing stress.

  4. 2164th,

    Laughed when I saw this -

    Israeli Arab group proposes new 'multi-cultural' constitution
    By Yoav Stern, Haaretz Correspondent

    A proposed constitution written by the Israeli Arab advocacy center, Adalah, states that Arab Knesset members will be able to bring about the disqualification of bills that impinge on the rights of Arabs, and classifies the State of Israel as a "bilingual and multicultural" country rather than a Jewish state.

    The proposal, entitled "The Democratic Constitution," also calls for majority and minority groups to split control of the government in such a way that will strengthen the Arab minority on issues relating to the character of the state.

    Adalah's version of the constitution essentially abolishes the Jewish elements of Israel, but allows the Jewish majority to maintain its character through educational and cultural institutions. The proposal invalidates the Law of Return, which grants automatic citizenship to people with at least one Jewish grandparent, and states that citizenship will be granted to those who come to Israel for humanitarian reasons, regardless of their religion.

    ...would Palestinians and the citizens of neighboring countries be eligible for citizenship or movement across the border? What characteristics do these individuals possess?
    - Fri Feb 23, 06:53:00 PM EST

  5. I really wonder what the stats were today on suicides and heart attacks? First it was the real estate bubble and that has flattened so they got people to trust wall street. Followers never can win.