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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 421.29-0.5%Jan 16 4:00 PM EST

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To: TobagoJack who wrote (102129)7/31/2013 8:15:36 PM
From: Snowshoe  Read Replies (2) of 219524
 
>>as I was just informed, the bank robbery was staged.<<

Yep, it was a car commercial... :o)



P.S. Looks like China is trying to spin the GDP too...

China risks deflation trap as true GDP crumbles

China is sliding towards a deflation trap and may be in outright recession already if data are measured accurately, with serious knock-on risks for the global economy.
telegraph.co.uk

By Ambrose Evans-Pritchard
8:23PM BST 21 Jul 2013

Diana Choyleva, from Lombard Street, said the official Chinese figures show that the economy contracted by 0.2pc in the second quarter, rather than growing 1.7pc (7.5pc year-on-year) as claimed by the government.

The discrepancy comes from the inflation assumptions used by Beijing. The government relies on a fixed basket of prices that can flatter the true health of the economy.

A better benchmark is the “GDP deflator”, which uses an evolving measure of prices that better reflect the reality of China’s fast-changing economy. “If you measure it that way, China is much closer to deflation than people realise,” she said.

Mrs Choyleva said the sugar rush from last year’s credit growth has worn off. The country is facing a witches brew of an over-valued yuan, stagnant exports and higher borrowing costs.

"China is within a hair's breadth of outright deflation," said Albert Edwards from Societe Generale, insisting that the GDP deflator is the key indicator to watch as the investment bubble deflates. It may prove more of a threat to the world economy than the tapering of bond purchases by the US Federal Rserve, he said.
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