Some Thoughts on China

Before Richard Nixon opened China to the West in 1972 the US's trade with China was less than the US's trade with Honduras. It wasn't just exposure to the West that helped start the economic revolution in China. It was practicality.

And when it comes to practicality it's tough to beat farmers who always seem to have both common sense and courage to do what's right (especially when it comes to their families). It doesn't matter if it's in China or in Plymouth Plantation.

Interesting stats (if correct) - "Top 100 companies by market cap in 2007: Europe 40, US 35 and China 10. Today: US 55, Europe 20, China 10." Seems to be an indictment of the European Union. But if China doesn't have a big percentage of the top market cap companies - how has their growth been accomplished? From small and mid cap companies of course - just like the backbone of the US economy. And speaking of...

The US economy grew a "surprising" 3.2% in Q1. I like to think the growth is due in part to the Trump Administration actively getting rid of unneeded regulations that hamper small and mid-size business.

Now just think on how the US economy will do when the China trade tariff disputes finally get settled.