Sunday, October 16, 2011

The Hungry American

Gallup surveys in China and the U.S. reveal Chinese are struggling less than Americans to put food on their tables.

Six percent of Chinese in 2011 say there have been times in the past 12 months when they did not have enough money to buy food that they or their family needed, down significantly from 16% in 2008. Over the same period, the percentage of Americans saying they did not have money for food in the previous 12 months more than doubled from 9% in 2008 to 19% in 2011.

But yes, China is posed for a 'hard landing' a 'banking crisis' or any number of troubles that the intellectually bankrupt Western meritocracy and its hangers-on fantasize about.

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