DrStool Posted September 4, 2003 Report Posted September 4, 2003 Economic Worries in China as Companies Pile Up Debt GUANGZHOU, China, Sept. 3 ? Looming through the gray smog of every big Chinese city these days, high above the incessant rattle of jackhammers, are the construction cranes, slowly swinging back and forth over huge steel and concrete boxes wrapped with fine lattices of bamboo scaffolding. The question here and across the country, though, is how much longer the cranes will stay busy, and with them an economy that is powering a big chunk of the world's growth and terrifying trading partners from Tokyo to Washington to Brussels. More....
Howl Posted September 4, 2003 Report Posted September 4, 2003 Does this look like a bull-market? I don't think so.
Hypertiger Posted September 4, 2003 Report Posted September 4, 2003 Banking is the ART of choking hapless victims to get your rocks off but stopping before they pass out or die then letting them recover and starting all over again... Eventually the homicidal frenzy must be accepted...you must murder hapless victims and blame other hapless victims for the crime or you will be found out and murdered... No one is smart enough to make fractional reserve banking work... at least how the hapless victims are fooled into thinking how it works... To survive, ultimately you must be ruthless, diabolical and maintain a high level of contempt plain and simple...or you will surely become a hapless victim. The system is the cause and when you open your eyes in the morning that is the effect... Fractional reserve banking is designed to benifit the minimum at the expense of the maximum...
FauxCaster Posted September 5, 2003 Report Posted September 5, 2003 What would a banking thread be with out ol' Hypertiger! But what will China's debt do to the currency situation? If debt is growing is the dollar really overvalued relatively?
Pere Ubu Posted September 5, 2003 Report Posted September 5, 2003 What would a banking thread be with out ol' Hypertiger! But what will China's debt do to the currency situation? If debt is growing is the dollar really overvalued relatively? Or a reference to the historical inevitability of the Plan of Pata-Economics by Pere Ubu. The growth of the British, US, Japanese, German, and Korean capitalist economies weren't smooth and orderly rational progressions. Anything but. I'd be surprised if it turned out any different in China.
Hypertiger Posted September 5, 2003 Report Posted September 5, 2003 Every economy that has ever existed and will ever exist is a capitalist economy...
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