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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: elmatador who wrote (44749)1/4/2009 9:54:15 PM
From: zebra4o12 Recommendations  Respond to of 217652
 
Ambrose Evans-Pritchard - the thinking man's Nouriel Roubini.

Elmat, you left out the best part of the article:


"If there is one part of the global disaster that is not reflected in today's massacred markets it is this Asian debacle. The source of the collapse appears to be above all a contraction in China."

One has to careful with Chinese figures. When I covered Latin America in the 1980s, veteran analysts watched electricity use to gauge economic growth since they could not trust official data. It is striking that China's power output fell 7pc in November.


telegraph.co.uk