Great news!
Many world class gurus in the "mainstream" camp blamed China in exporting "deflation" for a long time, so does many a pariotting sheeple. Now, that is coming to an end according to this report: news.creaders.net (Sorry, in Chinese again! Translate it using web tools yourself, or learn to read Chinese). The mark of a new cycle is here. Or you can also take it as the end mark for Greenspam's cycle. "Deflation" will be replaced with "inflation" in front of exporting soon. Could this be a coincident or just my wild imagination that BBB is seating in the US FRB chairpersonship chair? He is widely, or self-claimedly, considered an expert on FRB study of the Great Depression era. Of course, China is going to enjoy a new branding "China is exporting to us all this inflation." They will never mention they presured China to revaluate RMB Yuan (up against ...), either (Only the new treasury sec and a few others could factually claim so). Wonder what Lindsay and Schumer would say then.
Looks to me though China has to lead in this new round of recession, too. A slow down to circa 5% Y-o-Y GDP growth there? That is a recession in China's case, IMHO. Time to convert my RMB to something else then. Something else with intrinsic value that could not be taxed when spending? Fry specs in China RE will catch the double edged sword, too?
Interesting time, I mean much more interesting than in the past 5 or so years, ahead! Envisage, be prepared and readily to adjust, determined to move in an opportune manner! That is my strategy for now. |
