<<Unlike the dramatic increase in household leverage that precipitated the US sub-prime crisis, Chinese household debt amounts to approximately 17 per cent of GDP, compared to roughly 96 per cent in the US and 62 per cent in the eurozone. Homebuyers in China are required to make minimum downpayments of 30 per cent before receiving a mortgage, and at least 40 per cent for a second home ...>>
hawk only believed in the virtuous circle for america
for so many years
until proven wrong
now he cannot believe in the righteous circle for china
and thinks, with "help wanted" signs everywhere, plentiful savings everywhere else, and 600-years worth of pentup demands all over, that china will collapse in a heap due to supposedly dwindling of american customers, even as china export is zooming to everywhere on this planet that he does not appear to live on
china labour is tight because china has entered the next phase of its once in 800-years systemic reform, the development of the vastly larger inland locales, as opposed to the experiment that was on the coast
china export is zooming because china is making more, better still, higher value, increasing prices, and in enough cases, cutting out the middlemen
china export can go up 10x if all middlemen is cut out, and the world would not pay more for anything
china collapsing per gordon chang and stratfor and hawkmoon - all very amusing
my wager is that soon enough hawkmoon would not be able to read without lights from china, write without computer from china, listen without phone from china, and go to the toilet without american standard brand everything from china |
