China is surpassing the United States as the world's most powerful and dynamic economy, one milestone at a time. China's market for cars is now larger than America's. China's entry into Latin American markets is an insanely clever way to supplant America's Monroe Doctrine. Chinese firms are gaining ground in global rankings while U.S. firms are falling behind.
China's long term strategy is bearing fruit. The U.S. has no strategy, unless you consider increasing transfer payments from productive savers to politically favored union workers as a strategy.
Nota bene: Anthony J. Alfidi is long FXI with covered calls (and short puts covered with cash).
China's long term strategy is bearing fruit. The U.S. has no strategy, unless you consider increasing transfer payments from productive savers to politically favored union workers as a strategy.
Nota bene: Anthony J. Alfidi is long FXI with covered calls (and short puts covered with cash).
