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IMF disavows knowledge of China's fiscal "hard landing"
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Mentat
2012-01-31 11:26:02 AM
Yep, we're boned.
beta_plus
2012-01-31 11:35:35 AM
Hello 12% unemployment
wildcardjack
2012-01-31 11:38:23 AM
China has all the factories, now they're going to raise the wages so the people have money to spend on the property bubble. Should keep their bubble going for a few years as we re-tool our factories to compete again.
/Imagine a shoe design that could be made entirely by a robot...
SpectroBoy
2012-01-31 11:38:26 AM
Subby
, I laughed.
/we're hosed
SpectroBoy
2012-01-31 11:40:06 AM
wildcardjack
:
/Imagine a shoe design that could be made entirely by a robot...
beer4breakfast
2012-01-31 12:02:11 PM
Incontinent_dog_and_monkey_rodeo
2012-01-31 02:13:51 PM
Everyone knows China is going to get old before it gets rich. Which means a hard landing. But there's absolutely nothing anyone can do about it, the consumption levels needed to support those jobs will never exist again. The US and Europe are both broke.
steveGswine
2012-01-31 05:06:16 PM
wildcardjack
:
China has all the factories, now they're going to raise the wages so the people have money to spend on the property bubble. Should keep their bubble going for a few years as we re-tool our factories to compete again.
/Imagine a shoe design that could be made entirely by a robot...
China is nearing the Shoe Event Horizon...
Monkeyfark Ridiculous
2012-01-31 06:32:17 PM
steveGswine
:
wildcardjack: China has all the factories, now they're going to raise the wages so the people have money to spend on the property bubble. Should keep their bubble going for a few years as we re-tool our factories to compete again.
/Imagine a shoe design that could be made entirely by a robot...
China is nearing the Shoe Event Horizon...
The Shoengularity
Yaxe
2012-01-31 08:05:31 PM
IMF plays it down as the rich farkers running the establishment try to get as much money out of China as they can before it slams into the deck harder than a kamikaze zero. You thought the US was bad? China's collapse is going to be epic. I wouldn't be surprised if the CCP is toppled in the fall.
Cinaed
2012-02-01 07:32:39 AM
Someone might want to take a gander at how much money China has managed to save.
They can pay their way out of the problem, unlike Europe.
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