Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Joe S Pack who wrote (40989)	11/6/2003 1:31:59 PM
From: AC Flyer	Read Replies (1) of 74559

And then, of course, there's this: China’s Budget Deficit set to Increase Deficit set to catch up to free-spending Chinese as unemployment soars to 23-year high 2003-03-07 10:31:22-05 Although China has demonstrated some remarkable economic growth during the last several years, the “dirty little secret” is that this growth has been stimulated by deficit spending. This has especially been noted in the state-run enterprises in which the Chinese have poured money into so they wouldn’t go under when they are confronted by foreign competition. Now the bad news of budget deficits is beginning to surface. The Chinese Finance Ministry has forecast a record budget deficit of US$39 billion in order to accommodate the highest number of unemployed in the country in 23 years. bizasia.com You're a joke, Nat. Living in the USA but still sucking up and regurgitating all the hysterical, superstitious, nonsensical, non-factual, ideologically-motivated crap that you run across. On second thoughts, maybe you'll fit right in. :)

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