A Global Perfect Storm (Roubini)

Project Syndicate ^ | 06/15/12 | Roubini

[cynwoody]

He is deathly afraid if the leftists are elected, it will throw the financial markets into deep turmoil right before the November election.

How bizarre is that? In Greece he touts conservatism, while in the US he increases the national debt more than all previous Presidents combined.

Google's a little behind the times on that. I started to type "obama greek", and Google wanted to complete with the word columns, not elections.

[EBH]

Are you daft, droll or don’t know how to use the board?

I shall not give you more specifics, even though I have requested several times now, for you to provide them to support your premise. See post 13, really it is right there.

If you don’t know what your premise is that started this conversation...I can’t help you.

[Cringing Negativism Network]

OK with all due respect, sorry then.

If you’d later care to provide some feedback, if I’m reading then I’ll be happy to provide them.

:D Have a good one.

Bye.

[WildSnail]

From your post #7:

I don’t see China effected at all.

China is growing.

All their manufacturing is owned by the government, and 51% of everything. Manufacturing owned for 10 years...

What is wrong with this picture? Why is 4/5 of the planet on starvation wages, China is growing and we’re all sitting around on the edges clapping our hands at their amazing advancement?

From your post #10:

My comments continue to be among the only ones on this board, actively considering what happens when China becomes STRONGER AND STRONGER.

Are you?

There is more than today. There is tomorrow, and the years after that.

ALL OF WHICH seem pointed in China’s direction. Every single one.

There are no competitors. No shared victories.

Just loss.

There's your context. Now answer the question.

[Cringing Negativism Network]

Not sure I see the question, to tell the truth.

I see a statement. Two actually. I see the statement #7 that agrees China is growing.

I see another statement #10, that China continues to grow, and is becoming stronger than we can contain.

In effect, doomage. We can never recover once that point is reached. Every action will be met by a four-times larger force.

Every one.

Remember please, China has four times the exposure we do, numerically.

Do you see something different from that?

Incidentally, do you own anything currently (based) in China?

Thank you.

[EBH]

You made statements not supported by proof or truth.

Prove your premise! Because your statements certainly don’t correlate with reality....

AGAIN....

China: ‘weak growth’ for years, says Credit Suisse
http://blogs.ft.com/beyond-brics/2012/06/14/china-weak-growth-for-years-says-credit-suisse/#axzz1xxuC1WYf

China Government Adviser Predicts Second-Quarter Growth Below 7 Percent
http://www.moneynews.com/StreetTalk/China-growth-economic-slow/2012/06/13/id/442129

China’s `New Normal’ Growth to Slow to 6%
http://www.businessweek.com/videos/2012-06-07/chinas-new-normal-growth-to-slow-to-6-percent

China manufacturing growth slows down
http://www.france24.com/en/20120601-china-manufacturing-growth-slows-down

China’s manufacturing activity grew at a markedly lower rate in May, official data showed Friday, providing further confirmation that the world’s number two economy is slowing rapidly.

[Cringing Negativism Network]

Yet even China’s “slower” growth, exceeds anyone else’s.

Even their “slower” growth is fast growth.

That was my point. What was yours please?

[EBH]

No, sorry. No twisting out of this one. They are contracting not growing.

[Cringing Negativism Network]

Oh. I see.

Which statement please?...

And why should I not pay equal attention to the others?

I see “China continues rapid growth” stories.

[Gabrial]

The WSJ had a major article on this 6/11/12. It is on page A6 by an author named Sudeep Reddy.

The title is “Greek Election Poses the Next Major Threat - Country's Decision on Whether to Remain in Euro Zone Could Have Huge Impact on U.S. Economy and Presidential Vote”.

[Kenny500c]

The real economy has barely grown in the last 10 years but debt of all kinds has exploded, plan for mass defaults.

[WildSnail]

I see “China continues rapid growth” stories.

Those stories are true, but inaccurate. Growth is slowing. That's undeniable. You say that their slower growth is still faster than anyone else's. But that's mostly illusion. Manipulation of their currency, building entire cities that then stand empty, and the Chinese media reporting what they're told to report.

All the scholarly or even simply thoughtful analysis says the Chinese economy is heading down, and that will accelerate. The stagnating economies of the western and developing countries will mean less money coming into china via exports, and that will probably be the final nail.

Incidentally, do you own anything currently (based) in China?

No I don't. Is that relevant somehow?