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Honored Advisor

Rumours of China`s demise were greatly exaggerated.

Holy buckets 7.4% growth!   You know the last time we had 7% growth?  Well, Ronald Reagan was president.

 

http://www.reuters.com/article/2014/04/16/us-markets-global-idUSBRE96S00E20140416  

 

 

"Old Yeller" says she`ll have to continue to keep interest rates near zero.  Anyway the Chinaman should be able to continue buying beans and pork and beef.

1 Reply
Senior Contributor

Re: Rumours of China`s demise were greatly exaggerated.

What you mightn't know is the chongs have don't it on borrowed money. Their debt is similar to the US and only their access to more debt can keep that growth going. Just. Wait a while and when they ask for 3trillion to be returned from the US from borrowing, it will be crunch. Some one will lose big time from this internationally debt circus.