Recovery Picks Up in China as U.S. Still Ails

Interesting article from the New York Times here

The Chinese central bank said the country’s economy surged at an annualized rate of 14.9 percent in the second quarter. The United States economy shrank at an annual rate of 1 percent in that period.

Those worried that China was completely dependent on US consumers were wrong. Expect Canadian commodities to start recovering...as a result more jobs in resource towns..which in turn increases population density and raises rent and real estate prices. NICE

As an aside..this is a great example of motivations of government. Because of the massive layoffs, workers in factory towns that export goods started to protest and riot. Chinese government definitely doesn't want a revolution on their hands so pumped $1.2 Trillion to businesses and consumers and forced them to spend it..completely propping up the economy with lightning speed.

US is definitely not in revolution territory and the government doesn't control the banks so things do move as quickly.