Monday, November 19, 2012

China's Recovery Is As Strong As The Mist

Meaning that it is very ephemeral. As Gordon Chang writes, China has indeed experienced recovery, however, China has loosened the money spigot even more than the United States. China's M2 is double their GDP while in America it is around 75% of ours.  In absolute terms America has unleashed a fantastic amount of money, yet in relative terms China's might be more dangerous. Gordon Chang says, from one of his sources, that the good news should last through November, and then there will be no more good news.

No comments:

Post a Comment

Disagreements and countervailing views are welcome, however, comments will be deleted if:

-They have emoticons.
-If it is obvious that you have not read the post.
-Obvious Spam, and it takes me about a quarter second to determine if it is spam since you all write your comments the same way.

About Me

My Photo
Seattle resident whose real name is Kevin Daniels. This blog covers the following topics, libertarian philosophy, realpolitik, western culture, history and the pursuit of truth from the perspective of a libertarian traditionalist.