Difference Between How China and U.S.A Government Manage Taxpayer’s Money

While the American government has been spending wrecklessly the taxpayer’s money for over 30 years, China has been spending it carefully to facilitate growth and amass a surplus. America’s spending is akin to a person addicted to credit card, that goes out and consume on stuff he doesn’t need until he racks up a huge debt that he/she can never pay off.

For this reason, that is why I am bearish on the U.S economy and I have bearish ETF’s on both the S&P and Nasdaq. Now both these stock market indexes may go up in the short-term, the S&P maybe to 1450 by end of year, but going into 2012-2013, I think it is going to be all bad news.

by Das Brain

This entry was posted on Saturday, June 25th, 2011 at 9:53 am and is filed under Debt Management, ETF, Economy, Videos. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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