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

To: Robin Plunder who wrote (111981)	5/17/2015 12:14:04 AM
From: Elroy Jetson	Respond to of 218188

That's the same idiotic link you posted yesterday, vainly trying to misinterpret what's going on in China. Yesterday you claimed China's actions had something to do with a Bank of America conspiracy possibly involving UFO's, if I recall correctly. A convicted felon biology major will definitely know more about economics than you, but most people understand more about economics that either of you do. The entire Republican Party is now made up almost exclusively of people as ill-informed about economics as you are. It's not pretty. The new Chinese leadership has brought the previous mad building of "cities to nowhere" to a halt. They finally realized the only reason the raw materials they were buying were not in a deflationary decline is because they were competing with themselves. The policy response has logically been to cut-off credit to all but existing commerce while reducing interest rates to reduce the debt burden of the prior "new cities"scheme on local provinces. China had previously tried a market approach of raising interest rates to restrict city building, but they're not a market economy so raising interest rates had little impact. Virtually all of the money invested in homes in new empty cities was cash from bribes and embezzlement being laundered as new real estate. Interest rates have no impact on this sort of activity. But understanding as little about economics as you do, you'll have no way of comprehending what I've just written because it doesn't involve a conspiracy or a plot to discredit Putin.