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China Is Fiddling While Its Economy Overheats: William Pesek
I have nothing to add. I believe William Pesek truly gets it. I'm tempted to quote the important parts of the article, but it is all important in my opinion.
Friday: No Major Economic Releases
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[image: Mortgage Rates] Note: Mortgage rates are from MortgageNewsDaily.com
and are for top tier scenarios.
Friday:
• At 10:00 AM ET, *University of Michig...
5 hours ago
4 comments:
Mark,
I look forward to the rest -- you have some of the best coverage as seen from an inflation/deflation perspective.
BR
BR,
You are too kind. I'm beginning to think that I eat, drink, and sleep the massive inflationary AND deflationary forces at play right now. One false move in this overleveraged world and something's bound to break.
I'm reminded of the time the line was jammed in my weedeater. It was stuck so bad I couldn't get it open. I opted to use a screwdriver. It didn't work. I applied more force. Still nothing. Let's just say it ended with a unique scar on my hand (oddly resembling that of a phillips screwdriver). I did get it open though, lol.
Now it is Ben Bernanke's turn. Did 17 baby step rate increases get the weedeater open? Maybe, maybe not. The market sure is screaming at him to stop trying though, lol.
China exporting inflation -- that is the foreseeable trend at least. Will it mean higher inflation or lower profits -- probably bit of both. Here's a sign of the times:
http://biz.yahoo.com/rb/070912/walmart_advertising.html?.v=7
BR
BR,
"Save Money. Live Better."
Let's hope next year's campaign doesn't become:
"Hoard Food. Live Longer."
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