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


To: Broken_Clock who wrote (111075)4/28/2010 5:19:48 AM
From: mishedlo4 Recommendations  Respond to of 116555
 
China's Nonexistent Rebalancing Act
globaleconomicanalysis.blogspot.com

In March, China's trade surplus turned into a deficit, prompting some pundits to proclaim that China's economy was rebalancing. Others pointed to a surge in auto buying as proof consumer demand in China was picking up steam.

I did not buy either of those arguments, and instead proposed the numbers were indicative of collapse in US demand for Chinese goods coupled with massive surge in Chinese buying of commodities at ever increasing prices.

Samuel Sherraden, writing for the New America Foundation, makes that case nicely in "Why Trade Figures Do Not Prove China Is Rebalancing" ....

Mish



To: Broken_Clock who wrote (111075)4/28/2010 12:18:40 PM
From: mishedlo3 Recommendations  Read Replies (3) | Respond to of 116555
 
How Much is Needed to Bail Out Greece? $159 Billion? $794 Billion? Estimates Vary Wildly as Greece Turns Viral
globaleconomicanalysis.blogspot.com

Pressure is on German Chancellor Angela Merkel to do something. European Central Bank President Jean-Claude Trichet is in Berlin along with the IMF to arm-twist Merkel. Meanwhile, German citizens want no part of a Greece bailout. ....

Mish



To: Broken_Clock who wrote (111075)4/29/2010 11:43:04 AM
From: JBTFD  Read Replies (1) | Respond to of 116555
 
How does that relate?