Too funny. One day we are taking Jim Rogers to task on his Goldilocks predictions for the Asian economies, and just a few days later a close "Partner-in-Grime" is telling us things don't look so good for the world's second largest economy. Are things coming to a standstill? If so, it will not be good for an economy with a super debt addiction.
When economic activities begin to stall, cash flow becomes tight, debt goes into default, jobs are lost, bankruptcies are epidemic. social unrest spreads and then governments are toppled. Because as we all know in the bitter end, there is no ideology that ever supersedes "meat and potatoes" - did someone say something about Egypt?
Once again, who's on first? Who? What? Tomorrow? I don't know...
Dr Peter G Kinesa
July 4, 2013