Entertainingly prophetic article. Too bad it will be lost on most, including virtually everyone on here.
Jeff, I suspect George is saying the Chinese are finally tiring of sitting on T-Bills with the dollars they have accumulated over decades of US/China trade deficits, and are now accumulating hard assets in the US (after all, a dollar is nothing more than a claim on goods and/or services from the US). This reminds me of the actions of the Japanese back in the '70s and '80's, except that the Chinese don't seem to be grossly overpaying for the assets they are acquiring. The scope of the problem we've created with our continuing deficits is demonstrated when one realizes that (several years ago) the net debt owed by the US to China is enough to acquire the entire listing of the NYSE.
Hopefully, the acquiriing individuals in Myrtle Beach will prove to be responsible operators and the local industry will not be greatly disrupted. I must say I'm concerned for the future of Myrtle Beach Holiday, though I can't blame the new operators for taking a hard look at such a large expenditure.
It will be interesting to see if they are successful in attracting significant numbers of Chinese players. If so, it would be a large benefit to the area.
Jamey