China once again demonstrates the speed of its OODA loop:
I've argued before how China's neofeudalist economic structure (Communist in name only) enables their elites to make effective decisions faster than U.S. elites. The bad news for the U.S. is that all of the reserve money China is spending on infrastructure will not be available to buy new issues of U.S. government debt. I'm so glad to be a long-term investor in China.
Nota bene: Anthony J. Alfidi is long FXI (with covered calls) at the time this commentary was published.
China announced a 4 trillion yuan ($586 billion) stimulus plan to spur expansion in the world's fourth-largest economy, helping sustain global growth as the U.S., Europe and Japan teeter on the brink of recession.
I've argued before how China's neofeudalist economic structure (Communist in name only) enables their elites to make effective decisions faster than U.S. elites. The bad news for the U.S. is that all of the reserve money China is spending on infrastructure will not be available to buy new issues of U.S. government debt. I'm so glad to be a long-term investor in China.
Nota bene: Anthony J. Alfidi is long FXI (with covered calls) at the time this commentary was published.
