Aside from clean air and speaking English, one of the biggest advantages of living in America over China is economic stability. Sure they are really good at gymnastics and manufacturing fake gold watches and computer components incredibly inexpensively, but economic stability is something that the Chinese have yet to figure out. Their Shanghai Stock Composite is down over 40% in the last two months in their push for economic reform that isn’t quite hitting the mark. Comparatively, our stocks are up almost 2% again this morning after the largest three day decline in history last week. This is not a slight against China or a chest puffing we-are-the-greatest-country-in-the-world-and-your-economy-sucks-by-comparison moment. After all, you know what they say about living in glass houses and throwing rocks. This morning I am grateful about two things: 1. I am not worried about an economic meltdown, and 2. my Chinese-made computer, cell phone, and office space heater are working flawlessly.
