Auto Sales are up 25% year on year in China but even before this 25% increase the chinese auto market had already surpassed the United Staes as the world`S number 1 automobile market.
Auto sales are collapsing in the United States but they are rising in China. There is a lot of evidence that decoupling is happening.
Peter Schiff in Wall Street Unspun, March 11, 2009
Peter Schiff is the President and Chief Global Strategist of Euro Pacific Capital. As a result of his accurate forecasts on the U.S. stock market, economy, real estate, the mortgage meltdown, credit crunch, subprime debacle, commodities, gold and the dollar, he is becoming increasingly more renowned.
He has been quoted in many financial TV channels like CNBC, CNN, Fox News, Fox Business Network, and Bloomberg T.V.. In Peter Schiff`s blog you can track all his investment and trading ideas for 2009 as well as all his public appearances on TV, video or in the press.