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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: RetiredNow who wrote (111607)	3/24/2012 1:49:20 PM
From: tejek	Respond to of 149317

Is it possible for the US to escape recession, if there's a hard landing in China? I think not. Not one major economist believes that China is engineering a hard landing. Not one. So far the evidence is one of a soft landing. For an example, China's manu PMI has hovered right below 50 for months now. Over 50 indicates expansion; under 50 contraction.......so clearly there is contraction but its very small. And inflation, which is China's biggest worry, is ratcheting back nicely now. ------------------ Even More Evidence of a China Hard Landing Courtesy of Russ Winter of Winter Watch at Wall Street Examiner The latest container shipments into the port of Los Angeles and Long Beach confirm that China (and Asia) is no longer nearly as much in the game. Inbound is down 10% from last year and 20% from the same month in 2007. I do think a little marginal production has shifted to the US, but it isn’t really showing up in the data, as rail car traffic in the US is now down 1% YoY. Fed Ex says it will “reduce flight hours, and “park some planes” according to headlines on Bloomberg. It also sees weakness in tech, mobile phones, finance, insurance, and real estate, and it also anticipates below-trend growth. Its common knowledge that China is encouraging the growth of internal consumption. The Chinese have seen a significant growth in their personal income over the past ten years and have considerable pent up demand for personal goods...........much like the Brazilians of ten years ago. China is so big......that citizen demand could fuel its growth for the next ten years. Once again, your favorite resources are cherry picking the facts to present their case. They refuse to see the entire picture.