Blog powered by Typepad

« Your Monday Funnies: 20.1.14 | Main | In which Corporal Duff (ret'd.) teaches naval strategy »

Monday, 20 January 2014


Feed You can follow this conversation by subscribing to the comment feed for this post.

Perhaps that explains the current tough stance they are taking on the South China sea. In expectation of problems at home they are saber rattling to distract from domestic problems. As I understand it they have declared that they do indeed intend to open the markets up to genuine competition. It does all point to very serious problems and perhaps we are going to see 08 repeated in 14 in Asia and that does not bode well for anyone. I have predicted that 2014 was going to be the year that economise were going to go belly up but I was basing that on the euro-zone crisis and over inflated asset markets. My prediction may be right however but not for the reason I gave but then if China has a downturn then no doubt that will trigger a collapse of the euro and other markets.

Because Chinese leaders have the power to prevent corrections, they do so. Because they do so, the underlying imbalances become larger. Because the underlying imbalances become larger, the inevitable corrections are severe.

It's a good job our wise and perspicacious finacial leaders here and in the US are not making these kinds of mistakes.

" The last year-on-year contraction in China’s gross domestic product, according to the official National Bureau of Statistics, occurred in 1976, the year Mao Zedong died." That raised a grin.

No, no, no, not at all, wouldn't dream of it, old boy, elections? who cares about elections when one has a duty to perform, what!

The comments to this entry are closed.