China: Worlds Fastest Printing Press (via Confessions of a Macro Contrarian)

January 24, 2011 § Leave a comment

I’m no China expert (it’s hard enough to follow and understand what’s going on in the U. S.), but I’ve long suspected that there are various holes in the Chinese growth model. This post about China’s currency inflation is very interesting. I think if we couple these concerns with other questions about the validity of China’s reported GDP, the increasing American paranoia about being overtaken by China should be viewed with more than a small grain of salt. On the other hand, America basically requires an outside threat to be our best; everything about our system is built around competition, without some foreign threat to worry about, we’ll just make one up.

China: Worlds Fastest Printing Press A couple of articles discussing the speed at which the Chinese government is hitting the printing presses crossed my desk today. Combined, they give an interesting view into the economic dynamics at work in China as it attempts to adjust to its new role as an economic superpower. This article from Taiwan points towards a money supply out of control.  It has some interesting tidbits of data and a great quote. In the past ten years, China's M2 has … Read More

via Confessions of a Macro Contrarian

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

What’s this?

You are currently reading China: Worlds Fastest Printing Press (via Confessions of a Macro Contrarian) at Compromised Conservative.

meta

%d bloggers like this: