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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 385.99+1.6%Nov 12 4:00 PM EST
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To: Pogeu Mahone who wrote (116237)2/12/2016 12:03:59 AM
From: TobagoJack  Read Replies (2) of 217740
 
real wages have been and are going up in china

not down

yes, about the ghost cities, they are a consequence of the expanding middle class w/ trapped excess savings

so we must consider the waste as evil but necessary frictional loss

much as the entropy entailed in making omelette

it would be a mistake to directly compare and set equal the china construction bank or the citic securities w/ a jp morgan or goldman

for the former are state-beholden money transfer functionaries and the latter are dangerous systemic risk accumulators

americans sometimes remember china is supposedly communist, but at other times forget that china is not altogether capitalist
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