Hello CB, <<A year or two ago Jay Chen posted something on the Booms, Busts and Recoveries thread ... >> Yes, I did say that, though cannot key in on the exact post. This will do:
http://www.siliconinvestor.com/readmsg.aspx?msgid=16172978
August 6th, 2001
... My business is to help folks invest in and divest from China, and my active income is totally dependent on the flow of investment and divestment ...
... and business has been good for investors, diverstors and Jay.
<<China is financing a boom on borrowed money that it may not be able to repay>>
... this has not proven to be a problem in all of human history and therefore not a problem now. The US Fed debt will also not be paid back.
<<... China ... transparency is non-existent in China>>
...http://www.siliconinvestor.com/readmsg.aspx?msgid=16182902
August 8th, 2001
Anybody investing in China, lending to China or trading with China based on government statistics deserve to have every penny of their daughter’s education fund go to money heaven:0)
The stats are crap. Exports are over-stated due to Value-added Tax rebate frauds. Imports are understated due to smuggling. Poor area’s stats are exaggerated to win government transfer payments. Rich area’s stats are under-stated for escaping accusation of allowing over-heating. The sum generally adds up to government announced target, by magic, and the truth, I do not know. I look at restaurant dynamics, construction cranes moving, traffic jams, and such tea leaf reading.
<<>>What about human rights? ... that's sad>>
An update ... achamchen.com
Another update ... Message 18473883
Chugs, Jay
P.S. I lurk here every so often to get a sense of where the crowds are at, and therefore where I ought not to be;0) |
