Tuesday, October 14, 2014

The Global Recovery's "Dirty" Little Secret

Click to enlarge.

October 14, 2014
Faltering economy hits China's coal sector

The sector has suffered from slumping prices, heavy debts and an onslaught of new domestic capacity – all while the Chinese economy is slowing. More than 70 per cent of China's coalminers are losing money, with half delaying or cutting wage payments, the China Coal Industry Association said in July.

Source Data:
St. Louis Fed: Export (End Use): Metallurgical Grade Coal

1 comment:

Stagflationary Mark said...

Someone needs to stimulate the Chinese economy!

Let's turn that "onslaught of new domestic capacity" into something even better.

Marvel's Onslaught of new domestic capacity!

Onslaught's powers were well over that of Omega Level. In his first form (when he was one with Xavier), Onslaught showed a wide variety of abilities including immeasurable strength, and incredible resistance and endurance.

Yes! Immeasurable strength! Incredible resistance and endurance! Genius! Mwuhahaha!