Posted on 02/13/2014 10:42:42 AM PST by mgist
Edited on 02/15/2014 10:48:52 PM PST by Admin Moderator. [history]
World asleep as China tightens deflationary vice We keep our fingers crossed as we glimpse the first foam of a deflationary Ch'ient'ang'kian coming our way from China. The world's central banks have no margin for error Societe Generale has defined its hard landing as a fall in Chinese growth to a trough of 2pc, with two quarters of contraction. .snip. The balance of evidence is that most powerful Chinese leader since Mao Zedong aims to prick China's $24 trillion credit bubble early in his 10-year term, rather than putting off the day of reckoning for yet another cycle.
(Excerpt) Read more at telegraph.co.uk ...
Not worry...
I’ve followed Ambrose Evans-Pritchard for quite a few years and over time its become painfully obvious that he rarely gets things right...
The Chinese low balled prices for a number of years slowly taking out their American competitors and once they were out of business the Chinese started tightening supplies. I believe American companies are working their way back into the business again.
Ban their slave labor garbage from our country, or at the very least, slap a 100 percent tariff on it (or whatever percentage it takes to drive the price up to where nobody will pay it.)
RE: “I am seeing a continued deflation in rent prices here.”
Where is “here?”
I agree.
He is clearly a learned and gifted financial writer.
But, as to market prophecy, he is usually a Perma-Bear, and that has been a catastrophically wrong call since 2009.
He is also a Keynesian psychopath.
In the history of the world we have NEVER had as much stimulus and money printing as we have now, but Ambrose rarely writes a column without crying out for MORE!
“The Telegraph” needs a new copy editor.
Anyone notice what’s wrong with the headline?
The editor wrote “Vice.”
He means “Vise.”
I didn’t know about Molycorp. Thanks for the info. I would be safe in assuming they were grandfathered in before all the ludicrous regulations kicked in.
Maybe he is due to get something right?
Looks like Maine according to “chickensoup:;s Freeper page.
Good article at popular mechanics about Molycorp. This one is pretty good too, especially the comments below the article.
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