<<commodities falling and slowing growth>>
on the one hand, be aware of the zimbabwe solution defined - just in in-tray
1 USD is now about 10 billion ZIM$. a carton of milk now costs ZIM$ 3 billion.
otoh, on commodities, china is turning to develop domestic economy/consumption, earthquake made it easy for central govt to do what it would have take in any case, but now made easier
- coastal city inflation to benefit rural inland geography,
- forced march of coastal ennterprises to gravitate inland by exchange rate shift against the usd,
- ameliorated by countershift to euro at the same time,
- control of real estate price to be not rising but not falling,
- even as banks are well protected by mandated 30-50% downpayments,
- each province has designated a vice governor to be specifically, in a fulltime dedicated way, in charge of that province's aid / development effort in the large quake zone, mandated to use a certain proportion of his provinces resources (private enterprise donation and efforts for pay, provincial treasury payout, collective enterprise expansion activities and effort for pay, etc) to rebuild a designated county in quake zone to top notch class. eventual winner in the effort can get within whispering distance of the gold ring, the big chair, all at the head table
whatever the resources so used by the province, an offset is ledger-ed in tax payments to central government that is flush with surplus
recommendation: hoardeverything o pricing wobble, for usa capitol hill attackon commodity complex will be a win-win-win-win, enhancing
- china development at better pricing
- hoarding at better pricing
- better use out of china's 1.8 trillion wallet, replenished by more and better factories just built in needier areas
- help 300-500 million folks urbanize within 10-15 years
all good.
and congress intends to drive the speculators from ny and chicago to hong kong, even better.
so, win-win-once-more-win-again-again-win-win-yet-once-more
imo
rather astute, i think, and certainly beats the effort for the katrina zone, surely, or in cb ilaine's language, something about culture ad such, i suppose
:0) |
