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


To: TobagoJack who wrote (102129)7/31/2013 8:15:36 PM
From: Snowshoe  Read Replies (2) | Respond to of 219500
 
>>as I was just informed, the bank robbery was staged.<<

Yep, it was a car commercial... :o)



P.S. Looks like China is trying to spin the GDP too...

China risks deflation trap as true GDP crumbles

China is sliding towards a deflation trap and may be in outright recession already if data are measured accurately, with serious knock-on risks for the global economy.
telegraph.co.uk

By Ambrose Evans-Pritchard
8:23PM BST 21 Jul 2013

Diana Choyleva, from Lombard Street, said the official Chinese figures show that the economy contracted by 0.2pc in the second quarter, rather than growing 1.7pc (7.5pc year-on-year) as claimed by the government.

The discrepancy comes from the inflation assumptions used by Beijing. The government relies on a fixed basket of prices that can flatter the true health of the economy.

A better benchmark is the “GDP deflator”, which uses an evolving measure of prices that better reflect the reality of China’s fast-changing economy. “If you measure it that way, China is much closer to deflation than people realise,” she said.

Mrs Choyleva said the sugar rush from last year’s credit growth has worn off. The country is facing a witches brew of an over-valued yuan, stagnant exports and higher borrowing costs.

"China is within a hair's breadth of outright deflation," said Albert Edwards from Societe Generale, insisting that the GDP deflator is the key indicator to watch as the investment bubble deflates. It may prove more of a threat to the world economy than the tapering of bond purchases by the US Federal Rserve, he said.



To: TobagoJack who wrote (102129)8/2/2013 3:53:37 AM
From: Haim R. Branisteanu  Respond to of 219500
 
Tj, forget fundamentals, or any other economic indicator, markets are rigged no matter how you slice it.

It is all geared for the rich to get richer and the middle working class poorer and with less power.

Today if a rich guy robs you of your assets without blatant law violations , then you are out of luck, even if you are right, legal fees will amount to more than your financial damage, and the courts would not even award you the full legal expenses.

Best example "Fabulous Fab" - swindled investors of $1 billion, the rich guy made $1 billion GS paid only 550 million in between "Fabulous Fab" collected over $2,000,000 in salary and bonuses to embezzle institutional investors of $1 billion.

So all in all some one got lucky and the losers lost $450 million if not more in one swap

telegraph.co.uk