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A reversal in the Chinese economy could have both good and bad for us. The bad would be China could not longer afford to loan us money to cover our over spending. And it would not only flood our markets with even cheaper products but the world market as a whole.Although legally impossible to do in China and legally impossible to confirm by recipients capital flight from China appears to be at record levels with everyone taking the money and running. This is part of the reason for the collapse of the market.
A reversal in the Chinese economy could have both good and bad for us. The bad would be China could not longer afford to loan us money to cover our over spending. And it would not only flood our markets with even cheaper products but the world market as a whole.Although legally impossible to do in China and legally impossible to confirm by recipients capital flight from China appears to be at record levels with everyone taking the money and running. This is part of the reason for the collapse of the market.
Infrastructure and social programs in China could suffer greatly as money tightens. Wage gains would be lost as well. IF we had a president willing to place tariffs on cheap Chinese goods it would not only stabilize but re-build American production plants.
Bush's fault
It will soon be worldwide.
Revelation 6:6 Then I heard what sounded like a voice among the four living creatures, saying, “Two pounds of wheat for a day’s wages, and six pounds of barley for a day’s wages, and do not damage the oil and the wine!”
I don't see this as anything Obama has done directly. This falls squarely on Chinese money management.A reversal in the Chinese economy could have both good and bad for us. The bad would be China could not longer afford to loan us money to cover our over spending. And it would not only flood our markets with even cheaper products but the world market as a whole.Although legally impossible to do in China and legally impossible to confirm by recipients capital flight from China appears to be at record levels with everyone taking the money and running. This is part of the reason for the collapse of the market.
Infrastructure and social programs in China could suffer greatly as money tightens. Wage gains would be lost as well. IF we had a president willing to place tariffs on cheap Chinese goods it would not only stabilize but re-build American production plants.
Strong disagreement. The admittedly tepid recovery since 09 has two possible causes: Chinese capital flight or a hidden iota of economic competence by Obama. Don't know about you but I doubt Obama does much better than tying his shoe laces.
Nobody knows.I never understood economics. I can do biology and math----and some chemistry and-------I know how to crochet. There was a game little girls played when I was a kid called 'JACKS'-----a little rubber ball-----and a handful of little metal things-----
you toss the little metal things on the floor------BOUNCE THE BALL----pick up the metal things and catch the ball. I have no idea what this INTEREST RATE IN
CHINA means-------it seems excessive to me-----what is going to happen?
I would say mismanagement but yeah..I don't see this as anything Obama has done directly. This falls squarely on Chinese money management.A reversal in the Chinese economy could have both good and bad for us. The bad would be China could not longer afford to loan us money to cover our over spending. And it would not only flood our markets with even cheaper products but the world market as a whole.Although legally impossible to do in China and legally impossible to confirm by recipients capital flight from China appears to be at record levels with everyone taking the money and running. This is part of the reason for the collapse of the market.
Infrastructure and social programs in China could suffer greatly as money tightens. Wage gains would be lost as well. IF we had a president willing to place tariffs on cheap Chinese goods it would not only stabilize but re-build American production plants.
Strong disagreement. The admittedly tepid recovery since 09 has two possible causes: Chinese capital flight or a hidden iota of economic competence by Obama. Don't know about you but I doubt Obama does much better than tying his shoe laces.
I checked the loan/mortgage interest rates in China and they are basically the same as the US. So the overnight rate being the 'bank to bank' rate must mean there has been a huge run on Chinese banks and they don't have much money to lend. That doesn't sound good at all.
I checked the loan/mortgage interest rates in China and they are basically the same as the US. So the overnight rate being the 'bank to bank' rate must mean there has been a huge run on Chinese banks and they don't have much money to lend. That doesn't sound good at all.
In absolute terms the Chinese housing bubble is about 20 times bigger than the US housing bubble was.
No, sales rates exceed occupancy rates by so much that doors and plumbing fixtures are installed by the buyers, if and, when they move in. That in turn means that appliances cannot be moved in without inviting theft and trim and cabinetry should not be installed for fear of vandalism. There were reports of sold out properties with less than 1% occupancy. That was more or less confirmed by a famous case a few years back in which a rather large building with more than 100 units collapsed and one woman died. The building collapse was in full view of an office building housing the office of a non-Chinese news service which is how I heard about it.I checked the loan/mortgage interest rates in China and they are basically the same as the US. So the overnight rate being the 'bank to bank' rate must mean there has been a huge run on Chinese banks and they don't have much money to lend. That doesn't sound good at all.
In absolute terms the Chinese housing bubble is about 20 times bigger than the US housing bubble was.
Don't you mean in relative terms?
No, sales rates exceed occupancy rates by so much that doors and plumbing fixtures are installed by the buyers, if and, when they move in. That in turn means that appliances cannot be moved in without inviting theft and trim and cabinetry should not be installed for fear of vandalism. There were reports of sold out properties with less than 1% occupancy. That was more or less confirmed by a famous case a few years back in which a rather large building with more than 100 units collapsed and one woman died. The building collapse was in full view of an office building housing the office of a non-Chinese news service which is how I heard about it.I checked the loan/mortgage interest rates in China and they are basically the same as the US. So the overnight rate being the 'bank to bank' rate must mean there has been a huge run on Chinese banks and they don't have much money to lend. That doesn't sound good at all.
In absolute terms the Chinese housing bubble is about 20 times bigger than the US housing bubble was.
Don't you mean in relative terms?
I have no idea why or how this is going on. but youtube has worlds without end videos about the ghost buildings, developments and cities if you want to run the numbers yourself.
No, sales rates exceed occupancy rates by so much that doors and plumbing fixtures are installed by the buyers, if and, when they move in. That in turn means that appliances cannot be moved in without inviting theft and trim and cabinetry should not be installed for fear of vandalism. There were reports of sold out properties with less than 1% occupancy. That was more or less confirmed by a famous case a few years back in which a rather large building with more than 100 units collapsed and one woman died. The building collapse was in full view of an office building housing the office of a non-Chinese news service which is how I heard about it.I checked the loan/mortgage interest rates in China and they are basically the same as the US. So the overnight rate being the 'bank to bank' rate must mean there has been a huge run on Chinese banks and they don't have much money to lend. That doesn't sound good at all.
In absolute terms the Chinese housing bubble is about 20 times bigger than the US housing bubble was.
Don't you mean in relative terms?
I have no idea why or how this is going on. but youtube has worlds without end videos about the ghost buildings, developments and cities if you want to run the numbers yourself.
How big was the US housing bubble?
