am on way back to freedom kowloon and money rock hong kong
conversations with many that i respect have yielded the conclusion that one must be bullish of china however one may be bearish about elsewhere
the concensus seems to be that 50% of the 7.9% gdp growth may or may not be fluff, but the fluff will be powered away by genuine and multi-decade infrastructure and domestic demand projects that will sooner rather than later evolve into good solid sustainable growth, and that the officialdom is doing exactly right
businessmen are bullish
even laid of iso9000 certifiers now turned taxi drivers are bullish
and so we should be bullish
below is an e-mail conversation which i capped off
player 1 BEIJING – China's top economic official cautioned Sunday that the country still faced economic problems and assured jittery investors that easy credit policies aimed at kick-starting a recovery would continue.
"We still face many difficulties and challenges and there is uncertainty over the prospect of the international economy," Wen Jiabao said during a recent visit to eastern Jiangsu province, according to remarks posted Sunday on the central government's Web site.
He said the economy continues to be challenged by plunging demand for Chinese exports and challenges in boosting domestic demand.
Wen said Beijing will stick to its "relatively relaxed monetary policy" and a "proactive fiscal policy" — a reference to the 4 trillion yuan ($586 billion) stimulus for the world's third-largest economy.
seems to me, at least through the fall time period, chances of another crash are growing rather more dim, and short positions equal a nightmare worse than we've seen in the past, for short people. we'll really get the seal of approval on that, when congress raises timmy's ceiling to the 12 trillion plus level. if that isn't a bubble vote, nothing is.
just too much intervention out there, and the "bull" Boyzzz know it.
please correct me if i am way off here.
as to fricken gold.................... why should it not fly anymore than it flew with everything else after the Y2K bubble got underway, as one memorable example. a HUGE move, as this one should be.
player 2 agree completely
player tj got some interesting insight on china gdp growth over past few days
bullish for assets, bad for cash
player 1 so... do you agree, this rally continues?
player tj
rally continues
back to the highs
come hell or high water
for the greater good
until the truly awful makes ultimately inescapable appearance
getmoregold |
