elm now that is a damn fine read! Good find. 10 out of 10.
GZ respect your views and you correctly back them up with reported facts and figures. But hopefully you'll forgive me for being rather cynical these days. I am about done in believing any facts or figures released by any government anywhere in the world, including our own. I don't see why the Chinese are going to report honestly on macroeconomic issues when they know at the same time the US and the rest of the G7 don't? This little excerpt from my weekly grains market analyst sums it up for my mind:
"China is currently pursuing policies to boost its own economic growth although these appear to be leading to 'asset bubbles' rather than economic growth ..."
Just look at a chart of the Shanghai Casino ... I mean Stock Exchange ...
And of course the property market is going nuts as well. I think we all know how this could end given bubbles are the most destructive economic phenomena to any production model. You know the old farmer saying, 'All the worst decisions are made in the best times'.
And finally for falko ... Have you seen the movie 'V for Vendetta'? Quite a good flick with a seriously disturbing storyline yielding potential similarities to what is occurring today. The plot followed that a leathal influenza strain was released on the people by governments to reduce global population. It was done because war and especially nuclear are too damaging on infrastructure. Diseases such as a leathal flu strain on the other hand leave you with all your infrastructure intact. Of course this was science fiction but I thought of it immediately as swine flu hit the news ...
