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(Marketwatch)   Dogs and cats living together. China posting a trade DEFICIT. These are truly the end times   (marketwatch.com) divider line 18
    More: Scary, Dow Jones Newswires, Shanghai Composite, Nomura, trade deficits, General Administration of Customs  
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965 clicks; posted to Business » on 10 Apr 2013 at 7:34 AM   |  Favorite   |  Watch    |   share:  Share on Twitter share via Email Share on Facebook   more»   |    Get this fabulous T-Shirt and impress the methane out of your friends! shirt it!



18 Comments   (+0 »)
   
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  2013-04-10 07:55:05 AM
I'm two paragraphs in and my mind has glazed over.

Can someone give me the condensed version, I suspect it reads something like 'China is running out of money, Everybody panic'
 
  2013-04-10 08:01:45 AM
This is pretty much the plan from the Chinese government - building internal demand and being less dependent on exports in the long term, so not sure why it would be considered scary.
 
  2013-04-10 08:50:59 AM
That interesting... they count purchases from Hong Kong as "exports", even though it's been officially a part of China since 1997.  I guess it kinda makes sense since HK still has its own currency and central bank and all that, but it still smells fishy.
 
  2013-04-10 10:01:15 AM
Are economic numbers from China considered to be accurate these days?
 
  2013-04-10 10:10:03 AM
Arkanaut: That interesting... they count purchases from Hong Kong as "exports", even though it's been officially a part of China since 1997.  I guess it kinda makes sense since HK still has its own currency and central bank and all that, but it still smells fishy.

China is the midst of a economic collapse that's been hidden behind a firewall of shadow banks that hidden from the global finical market.  http://uk.reuters.com/article/2013/04/10/uk-china-fitch-idUKBRE939074 2 0130410 You have ghost cities and the worlds biggest metaphor for the failure of Chinese consumerism with that abandon new south mega mall in china. Eventually the bill will come due. This will effect the US and west in ways you can't even fathom. You wonder why thousand of bodies just showed up in that river in china a few months back. Our own real state collapse is a firecracker compared to the ultimate clusterfark that has been chinese over leveraging in a massive glut of overbuilding.
 
  2013-04-10 10:30:23 AM
Franco: China is the midst of a economic collapse that's been hidden behind a firewall of shadow banks that hidden from the global finical market.  http://uk.reuters.com/article/2013/04/10/uk-china-fitch-idUKBRE939074 2 0130410 You have ghost cities and the worlds biggest metaphor for the failure of Chinese consumerism with that abandon new south mega mall in china. Eventually the bill will come due. This will effect the US and west in ways you can't even fathom. You wonder why thousand of bodies just showed up in that river in china a few months back. Our own real state collapse is a firecracker compared to the ultimate clusterfark that has been chinese over leveraging in a massive glut of overbuilding.

If that doesn't make one's blood run cold, you simply don't understand the stakes.
 
  2013-04-10 10:37:35 AM
trade deficits and surpluses are pretty difficult to actual measure.  i mean, the US has had a 'deficit' for ever, but it's total bs, because our bread and butter is services, which are not counted.  if there was some way to possibly measure that, we would be very far from a deficit. but, there's no way to measure it.  for a long time, international trade people have been saying the deficit/surplus analysis is functionally useless.
 
  2013-04-10 10:55:33 AM
That's because they're hogging all the dried ground-up tiger penis for themselves.
 
  2013-04-10 10:56:17 AM
Franco: Arkanaut: That interesting... they count purchases from Hong Kong as "exports", even though it's been officially a part of China since 1997.  I guess it kinda makes sense since HK still has its own currency and central bank and all that, but it still smells fishy.

China is the midst of a economic collapse that's been hidden behind a firewall of shadow banks that hidden from the global finical market.  http://uk.reuters.com/article/2013/04/10/uk-china-fitch-idUKBRE939074 2 0130410 You have ghost cities and the worlds biggest metaphor for the failure of Chinese consumerism with that abandon new south mega mall in china. Eventually the bill will come due. This will effect the US and west in ways you can't even fathom. You wonder why thousand of bodies just showed up in that river in china a few months back. Our own real state collapse is a firecracker compared to the ultimate clusterfark that has been chinese over leveraging in a massive glut of overbuilding.


What do the pigs in the river have to do with it?
 
  2013-04-10 12:22:29 PM
So even the Chinese are tired of buying their crap?

/DNRTFA
 
  2013-04-10 02:22:33 PM
Brontes: Franco: Arkanaut: That interesting... they count purchases from Hong Kong as "exports", even though it's been officially a part of China since 1997.  I guess it kinda makes sense since HK still has its own currency and central bank and all that, but it still smells fishy.

China is the midst of a economic collapse that's been hidden behind a firewall of shadow banks that hidden from the global finical market.  http://uk.reuters.com/article/2013/04/10/uk-china-fitch-idUKBRE939074 2 0130410 You have ghost cities and the worlds biggest metaphor for the failure of Chinese consumerism with that abandon new south mega mall in china. Eventually the bill will come due. This will effect the US and west in ways you can't even fathom. You wonder why thousand of bodies just showed up in that river in china a few months back. Our own real state collapse is a firecracker compared to the ultimate clusterfark that has been chinese over leveraging in a massive glut of overbuilding.

What do the pigs in the river have to do with it?


shhh. he's trolling softly.
 
  2013-04-10 03:14:04 PM
AngryDragon: So even the Chinese are tired of buying their crap?

/DNRTFA


They don't want contaminated food any more than you do.  Maybe they finally have enough money to do something about it.
 
  2013-04-10 04:10:46 PM
China is farked no matter what they do, you can't hide the chronic effects of pollution and lack of potable water, people dying in their 40's and 50's in horrific manners will be fairly obvious to everyone.
 
  2013-04-10 04:15:58 PM
They are now buying more food from the rest of the world compared to TVs and other plastic bling being sold.  Look at the labels on some of the stuff that you buy now.  A lot of it is now, Malaysia, India, South Korea and Vietnam.  American companies are bringing some of the manufacturing back to the states, because China demands the sharing of technology to be able to do business there.   China steals whatever else they want.  China really has gone out of their way to make it unfriendly to conduct business there.
 
  2013-04-10 04:18:54 PM
cgraves67: Are economic numbers from China considered to be accurate these days?

No. End of discussion.
 
  2013-04-10 04:42:03 PM
This is probably the reason why they are backing away from supporting Kim Jong Un.  There aren't enough teets left for the North Koreans to suck on anymore.
 
  2013-04-10 04:43:13 PM
Girion47: China is farked no matter what they do, you can't hide the chronic effects of pollution and lack of potable water, people dying in their 40's and 50's in horrific manners will be fairly obvious to everyone.

They are doubly screwed because the amount of ariable land they control is decreasing rapidly.  Think US dustbowl proportions, but with little to no hope of recovery, as the population won't change their behavior like the US farmer did.  All that US debt they bought?  It's going to end up being given back to the US in exchange for a few ships full of grain.  In ten years it will be laughable that anyone ever thought China was going to lead the world to a new reserve currency.  I do feel sorry for the communist party leaders though - they did try to change thier stripes, and also made a good go of things.  Too bad the deck is stacked against them.  We'll be selling them GMO grain from now until doomsday - buy Monsanto and ADM.
 
  2013-04-10 05:02:40 PM
MadHatter500:

They are doubly screwed because the amount of ariable land they control is decreasing rapidly.  Think US dustbowl proportions, but with little to no hope of recovery, as the population won't change their behavior like the US farmer did.  All that US debt they bought?  It's going to end up being given back to the US in exchange for a few ships full of grain.  In ten years it will be laughable that anyone ever thought China was going to lead the world to a new reserve currency.  I do feel sorry for the communist party leaders though - they did try to change thier stripes, and also made a good go of things.  Too bad the deck is stacked against them.  We'll be selling them GMO grain from now until doomsday - buy Monsanto and ADM.

We just aren't allowed to know what the big long range picture was.  I remember in the 80's it was the Japanese that were going to rule the world.  How did that decade long recession work for them?

The demand for corn and soy will drive the prices through the roof when that dust bowl scenario kicks in.  I am making sure that there are plenty of shares  Monsanto, Cargill, Dow Agri, Bayer, Kraft, General Foods and Con Agra are in my 401k.

Don't forget the strip mining and toxic processing for lanthanides.    They are in the same boat that the USSR was twenty five years ago.  They have taken over so many other countries for their resources that they forgot that they had to feed the people while they occupied their lands.

Let's see if this is a trend or just some accounting ruse to make us stop the hating.
 
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