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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (4621)	4/19/2004 11:27:08 AM
From: philv	Read Replies (1) \| Respond to of 116555

A picture is worth a thousand words, and looking at these astounding images of modern Shanghai makes me wonder if Roach is a little too dismissive of China's economic sustainability skyscraperpicture.com xs4all.nl and (takes a while to load but worth it) skyscrapercity.com

To: mishedlo who wrote (4621)	4/19/2004 11:44:35 AM
From: gregor_us	Respond to of 116555

Roach's View That The Commodity-China-US Consumer Daisy Chain is unsustainable has been my view all along. Others have this view as well. But my position today is this: All the rising chatter right now from the Global Brain Trust that China is overheating and could make for a scary slowdown crash in the Daisy China means this: we are likely 75% now through the cycle. The last 25% of the Daisy Chain is the power move to the upside, with commodities and the CEI (China Enterprise Index: Yahoo ^HSCE) going parabolic. I can taste the Psychology here like something on my mouth: the global markets are going to "project" synchronized global boom with moderate inflation risk in the final, joyous orgasm of the Daisy Chain.