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


To: Hawkmoon who wrote (66747)10/2/2010 8:16:29 AM
From: TobagoJack  Respond to of 217885
 
Gld gold is in London.

5% is a rate many would, and should, be happy with.

I do not like 5%.

I like many many decades, past n future, of 5%s all conveniently aggregated together, for the taking.



To: Hawkmoon who wrote (66747)10/4/2010 7:27:37 AM
From: elmatador1 Recommendation  Read Replies (1) | Respond to of 217885
 
Add Nouriel Roubini to the China skeptics, and a bear along the lines of Jim Chanos and Hugh Hendry, who see massive infrastructure spending without the demand to support it.

WSJ:

All that spending is creating destabilizing gluts, particularly in production capacity. Mr. Roubini singles out the car industry as an example. This year, car sales jumped from eight to 12 million vehicles, a 50% increase. But production capacity went from 10 million to 20 million vehicles. "China now has 100 separate car makers," he says. "The U.S. has only three."

...

"You know, I go to China six or seven times a year, and you have brand-new airports three-quarters empty," he says. "Highways to nowhere all over the country."

It's obvious what the counterpoint is: the demand is not there now, but there's a massive pool of untapped demand that will come in as the folks in the countryside urbanize.

businessinsider.com

Read more: businessinsider.com