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

To: Golconda who wrote (60615)	2/2/2010 11:45:14 AM
From: Cogito Ergo Sum	Read Replies (1) \| Respond to of 220096

Seems to be another article that assumes evils in the US system are somehow 'less evil' than those in the Chinese system... A few things could be cited but how about: The commercial banking system remains under political control. As a result, capital is misallocated. In the early 1990s banks funneled cheap loans to state-owned enterprises. The resulting losses were vast — an estimated 40 percent of loans were later deemed nonperforming — and were socialized by a government bailout. Whatever profits these loans generated remained in private hands. Sounds a lot like TARP and bonuses.. but being made in America I guess it is less bad ? OTOH.. Beijing has decentralized many powers since Deng Xiaoping’s reforms commenced three decades ago. This has been beneficial for economic growth. However, it has also created the opportunity for local elites to line their pockets. Certainly a problem.. OTOH.. China doesn't have 'earmarks' which render many bills impotent if not completely unrecognizable.. A media comment prevalent after Mr. Obama's speech up here in Canada was sure bt let's see what it looks like (if we can even recognize the budget ... after all the pork barreling) Maybe Canadians are simply too cynical on the US process ? TBS

To: Golconda who wrote (60615)	2/2/2010 7:09:43 PM
From: TobagoJack	1 Recommendation Read Replies (2) \| Respond to of 220096

i believe chancellor is wrong, because he over estimates forward state involvement and corruption in the prc economy and way underestimates the same in usa in so far as bank lending is concerned, that has natural limitations when it is just a bank in the usa, banks are not simply bankers, but hedge funds, and when 'efficiently' connected to the economy via wal street, as opposed to prc fund conduits that are simply bank loan agreements, produces outsized results, good as well as bad the time for good was in the past, in so far as the empire is concerned, and now, not surprisingly, the era of bad is upon us

To: Golconda who wrote (60615)	2/2/2010 7:53:20 PM
From: TobagoJack	Read Replies (1) \| Respond to of 220096

i would buy a china assembled bmw or mercedes, or audi or chrysler jeep, if i were living in china

To: Golconda who wrote (60615)	2/3/2010 7:36:53 AM
From: elmatador	Respond to of 220096

GREEK AUSTERITY PLAN The Commission's recommendations on what Greece should do were broadly in line with promises made by Athens in its long-term austerity plan, which forecasts a gap of 2.8 percent in 2012, down from 12.7 percent in 2009. reuters.com Get ready for the barricades and riot police on the streets. The electorates thought the Nirvana was at hand. They did not know the hard work those northern barbarians put to get those economies going. Then they thought they have a ticket to Nirvana byu getting into the EU. Now picture the 20 to 40 year olds that do not know the era pre-EU. They are not going to take it easy this austerity thing…