>>it is utter absolute nonsensical truth, adjusted for facts<<
How about just: "it is ..... absolute ........... truth, ........ ... ....."
Maybe you don't care to stare reality in the face quite so squarely, but there are two main conclusions from the Alliance Capital study: (1) manufacturing employment is declining worldwide while global output surges; (2) total Chinese economic activity is the summation of two broad sectors; a) the state sector, which is huge and in terminal decline, and b) the quasi-private sector which is (relatively) small and growing very fast.
Now, unless you have some reason to challenge the methodology of the Alliance Capital study, in what way do you doubt the total manufacturing job losses in China since 1995?
>>China manufacturing had always and is still over-staffed with redundant, efficient, or otherwise socialised employment in the state-owned enterprises.<<
Ah ha!
>>These were not employment in the traditional sense, but welfare in the American meaning.<<
I see. You don't like the answer, so let's disregard the inconvenient data. The jobs lost in Chinese state-owned enterprises were not "real" jobs, after all. Hmmm.
>>The headline fact that 'industrial employment is decreasing' merely indicate that manufacturing deflation has a long way to go, and thus FED reflation has same way to go, else deflation of asset prices win<<
Steady, Jay. That statement is practically an unqualified endorsement of current Fed policy. |
