tbs, re <<U r wrong on China.. But that is not new>> ... no, not new, but is fun, to twist him this way and turn him that fashion, giggle a post :0) much as one would watching a rooster strutting about so close to cooking time and so near the pot.
i have friends who early-retired to the tropics and island abodes from their jobs in macro this and investment that, and it was astounding how the friends deteriorated in acumen especially w/r to what they did daily before retirement, macro this and investment that. i believe we are watching the same process as it happens to elmat in real time. i have been trying to slow the processing of elmat, to save him.
Re elmat's <<You seem not been reading Elmat.
My beef with TJ is that
I, for the past year or, have been saying that the Asian exporting model is exhausted.China will return to its natural size.China can't print like the FED ECB and BoJ. China is squandering its hard earned wealth to keep in the westerners' mid that it has arrived.It has not.
TJ, in the other hand, is also looking ahead, to wards 2026 Teo and 2032 DI. Which I disagree. There won't be Teo nor DI.
There will ups and downs and corrections as we have witnessed since the 2001 Collapse.>>
elmat has been having cow for some time now, and really fun for some of us olive types.
re <<Asian export model>> ... going better than ever, in terms of quantity, quality, value-add, essentiality, etc etc, from cars to minerals to capital, to bitcoins
re <<China will return to its natural size.>> ... absolutely, china is returning to natural size, and perhaps only about 10% there and 90% to still go.
re <<China can't print like the FED ECB and BoJ.>> ... assuredly correct, because FED, ECB and BoJ are printing too slowly and w/o collateral-backing, and the printing only goes to support such things as buying bitcoins from china. China, per rural land reform and overarching / transcontinental OBOR / BRI can print larger, faster, collateral-good, and do some good w/ the resultant paper, like building out several continents per natural-scale, and setup cislunar domain in the bargain.
re <<China is squandering its hard earned wealth to keep in the westerners' mid that it has arrived.>> ... chump change, inconsequential, not the stuff natural-scale continental economy in rapid growth should pause over.
re <<It has not.>> ... do not know what the elmat is going on about. hardly matters, except to note he must be wrong, because he lacks transcontinental / natural scale / history-imbued understanding of what is possible.
re <<TJ, in the other hand, is also looking ahead, to wards 2026 Teo and 2032 DI. Which I disagree. There won't be Teo nor DI.>> ... at the cusp, should be wonderful to watch and a rush to experience.
re <<There will ups and downs and corrections as we have witnessed since the 2001 Collapse.>> ... duh ... i can easily recast TeoTwawKi and D.I. as ups and downs ;0) and since many of us did very well out of 2001 and 2008, we can anticipate 2026 and 2032 w/ relish ready.
heck of a wonderful ride it should all be. |
