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China Keeping Thumbs Up
We always read about that china is now running an economy based on bubble and that bubble burst might disrupt the economic growth of the world economy.
I've been reading about Chinese bubbles since 2007. Okay, sure, maybe some of them popped. That's not important right now though. We need to keep in mind that the Internet is full of wacky conspiracy theories and even crazy people can be right sometimes.
China is looking into the core areas of economic growth and not building an artificial economic growth based on reckless lending and speculative dreams.
Absolutely. There's not one bit of reckless lending and speculative dreaming in China. It's all just calm rational thinking planned out meticulously by the world's smartest central bankers. Just because their stock market trades at less than half of its all time high means nothing. That was a planned Olympic event choreographed with utmost precision.
Don't believe me? Just look at real estate. Where else in the world can you invest in housing and not even rent it out? It can appreciate there even without any actual tenants. That's just pure genius.
China Real Estate Bubble Bursts in Bond Market: Credit Markets
China property developers paid coupons as high as 14 percent to issue dollar debt this year, compared with an average 9.2 percent for other companies in Asia and 6.2 percent for U.S. property companies. On average, Chinese property companies are paying a 10.875 percent coupon.
They borrow money at 14%? I know reckless lending when I see it and that's not it. This is definitely China's time to shine.
Screw 'em! This is your time! Now go out there and take it.
Hotels: Occupancy Rate Decreased 3.5% Year-over-year
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From STR: U.S. hotel results for week ending 16 November
Due to the Veteran’s Day calendar shift, the U.S. hotel industry reported
mixed year-over-year per...
11 hours ago
11 comments:
Plenty of great stuff mark! At least China ia making bubbles with money they have, while still bad, not as bad as doing the same with borrowed money.
GYSC,
I'm not sure that the do have the money.
China property developers paid coupons as high as 14 percent...
Here's the damage 14% can do.
Star Trek: Body Count
Hahaha!
Don't ask me how I find this stuff. I went looking for "safety" and just ended up there, lol.
I don't know what's going on in China, but I would't call it a bubble. I'd call it a zeppelin, as in the Hindenberg.
http://www.youtube.com/watch?v=fE9UpU8PDIE
GawainsGhost,
Well, we are told that China's real estate market is overheating and we're also told that the sky is the limit. ;)
China warning:
"Chinese Premier Wen Jiabao warned that global economic growth remained vulnerable to sovereign debt risks and the possibility of a second downturn, but said his own nation's growth remained on track."
There's that word but again.
Now I think we know the source of the kool-aid Jim Rogers and Peter Schiff have been drinking. Wen Jiabao.
The rest of the world can fall apart but China will do fine...even though they sell to the part of the world that's falling apart.
Well, I'm "rest"ing easier.
G.H.,
China continues to generate significant revenue. The "Made in China" industry is huge. We think the service they offer will help expand the pie. Consumption of "Made in China" stuff goes up almost every year and will continue to do so exponentially.
What's more, the growing middle class in China solves the problems of China's export business. For example, China will never lose a sale because of a tapped out American consumer. At the very least, the government can simply buy leftover appliances from the manufacturers and bury them in landfills.
It's a growth at any price mania!! Woohoo!
July 20, 2000
Enron, Blockbuster Partner For Movie Mania
Both companies expect to generate significant revenue. The in-home entertainment industry is huge, predicted by analysts to reach $20 billion this year. "We think this service will help expand the pie. Consumption of entertainment has gone up every year," says Steve Pantelick, senior vice president of strategic planning at Blockbuster.
What's more, the deal solves some of the problems of Blockbuster's brick-and-mortar stores. For example, with an Internet-based movie-on-demand service, the store will never lose a sale because of rented or out of stock movies.
Blockbuster now trades at 34 cents! ;)
I do not want to go to work tomorrow!!!!!!!!!
Add to that my eyes are killing me due to forest fires in Quebec sending smoke all the way to Boston! I say we invade Canada!
GYSC,
Raiding the Icebox
Invading Canada won't be like invading Iraq: When we invade Canada, nobody will be able to grumble that we didn't have a plan.
The United States government does have a plan to invade Canada. It's a 94-page document called "Joint Army and Navy Basic War Plan -- Red," with the word SECRET stamped on the cover. It's a bold plan, a bodacious plan, a step-by-step plan to invade, seize and annex our neighbor to the north.
...
It sounds like a joke but it's not. War Plan Red is real. It was drawn up and approved by the War Department in 1930, then updated in 1934 and 1935. It was declassified in 1974 and the word "SECRET" crossed out with a heavy pencil. Now it sits in a little gray box in the National Archives in College Park, available to anybody, even Canadian spies. They can photocopy it for 15 cents a page.
Stag, good find.
"invade Canada" resulted in that link second on the google list!
Mark,
you scare me sometimes! LOL
G.H. (& GYSC),
"Invade Canada" was indeed the winning search phrase!
I'm clearly becoming too transparent in my searches, lol.
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