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

To: elmatador who wrote (137726)	12/31/2017 10:30:01 AM
From: Elroy Jetson	1 Recommendation Recommended By Maurice Winn Read Replies (2) \| Respond to of 219714

Jeanne Calment made a similar land deal with 47 year old attorney Andre-Francois Raffray, selling her apartment to him in 1965 but retaining a life estate. Raffray agreed to pay the 90-year-old woman 2,500 francs (about $500) a month until she died, then move into her grand apartment in Arles. But on Christmas 1995, Mr. Raffray died at the age 77, having laid out the equivalent of more than $184,000 - more than twice the market value for an apartment he never got to live in. His son inherited the contract, but he too died before Clament, so only Raffray's grandchildren lived long enough to move into Calment's apartment. Asked to comment on the contract on her 120th birthday Calment said, "In life, one sometimes makes bad deals." When asked about her future plans she replied, "Très bref," very brief - which proved to be almost another 4 years.

To: elmatador who wrote (137726)	12/31/2017 11:12:42 AM
From: TobagoJack	Respond to of 219714

it may be helpful to consider, deliberate and lessen influence of well-worn, ubiquitous, and common slogans ... and when the evidence does not fit the premise for 30+ years, probably good time to change premise am not out to convince anyone each to own, and wager at will outcome of wager only important to ourselves good luck to your wagers bloomberg.com There Are Things China Pessimists Just Can’t See CICC researchers say upside factors for growth aren’t fully appreciated October 31, 2017, 12:01 AM GMT+8 Photographer: Bloomberg/Bloomberg Bloomberg News China has defied the doomsayers again, with a solid 6.8 percent expansion in the third quarter. Now signs are emerging that it’s set for the first full-year growth acceleration since 2010. That ought to have surprised a few perennial China pessimists, such as hedge fund manager Kyle Bass, who has warned about the nation’s debt pile and foretold a collapse of the currency. Predictions like that have been going a while though, and they haven’t turned into reality, yet. In fact, China's bond market provides evidence for the argument that the economy's strength has caught some people by surprise, with the benchmark 10-year notes headed for the worst month since January amid reduced demand for the safety of government debt. China International Capital Corp. on Monday helpfully detailed a few points that Bass and others may have missed. “At the beginning of 2016, there were widespread concerns circulating in the market about an imminent credit bubble bursting, substantial renminbi devaluation, and a severe slowdown in economic activity,” CICC’s Hong Liang wrote in a research note. “Despite the prevalence of these concerns, they have proven to be misplaced.” Here are the highlights: LeverageGenerally seen as the No.1 risk factor facing the economy, China’s total borrowing has risen to about 260 percent of annual output. CICC argues though that both the state sector and households have more than enough cash on hand should trouble strike. What’s more, the most indebted sector, corporates, sits on cash equivalent to about 40 percent of current debt. That, according to Liang, means that while reforms to cut debt levels in China are important, those needn’t be “growth negative.” Some of that cash pile can be put to use enhancing efficiency, she says. PropertyIt’s hard to find an analyst who hasn’t worried that China’s property market will implode. CICC has listed eight facts about real estate that might have been overlooked. The urbanization ratio is still low at around 40 percent, and is set to keep growingChina needs more cities. As many as 15 more big ones with more than 10 million people eachHousing demand has remained strong due to upgrading and migration to cities from the countrysideHouseholds are not very highly indebted and loan-to-value ratios are lowVacancy rates in the cities are lowThere’s not much inventory left, so there’s demand from re-stockingA lack of available land is the “most pressing structural imbalance”The government’s take can make up as much as 70 percent of property prices in urban areas OvercapacityRebounding factory inflation has shown that China’s aggressive cuts to capacity in some traditional industries such as steel and cement have brought some benefits, CICC argues. As external and internal demand stabilizes, that should mean corporate capital expenditure should be poised for a pickup after years of retrenchment. The UpshotThere are some more basic facts that will continue to support China’s expansion, Liang writes. Monetary policy is relatively loose, fiscal policy is still expansionary and there’s a strong pipeline of infrastructure projects. A widespread global recovery will help support demand for Chinese exports, another tailwind for economic growth, she argues. China's 10-year sovereign bond yield surged 8 basis points to 3.93 percent on Monday amid concern the government will step up efforts to reduce leverage in the financial sector. That takes its increase for the month to 31 basis points. The five-year yield rose 9 basis points for the day to 3.97 percent. Deleveraging coupled with gathering optimism on the economy could compound the pain for the bond market. “We believe China’s economic recovery is still likely only to be in its early days, and has more legs to run,” Liang wrote. The economy “will likely grow slightly faster next year than this year, driven by both cyclical and structural improvements.” With assistance from Han Miao