Jim888

China’s August Data Confirms Both Optimists and Pessimists

I also think Alphameister is a bit off base by thinking Retail Sales IS consumption, while Mr. Pettis is correct in his discarding of it as a partial and perhaps irrelevant value except at a gross level over a period of time. I remember that consumption is the amount the entire economy consumed - of which Retail Sales is a component of - but not the end all - of that value (I hope the US learns this, but fear it is groveling for the consumer to spurge more instead). As for any spin here - you can read it many ways, and Mr Pettis allows us to make up our own mind, while making clear his own viewpoint - judge that from the last several articles - a review of this past work will show he is consistant.


On Sep 12 04:55 AM Michael Pettis wrote:

> CautiousInv, I am not sure China should be looking for new export
> markets to replace the US. Europe for structural and political reasons
> cannot absorb anywhere close to the deficit levels of the US and
> no other market is big enough. At any rate, a continental sized economy,
> and soon to be the second biggest in the world, should not rely so
> heavily on foreign consumptionj for its growth.
>
> Alphameister, I wonder if you are old enough to remember the same
> nonsense that was said during the credit-fueled bubble in Japan in
> 1988 and 1989. And if you really do look closely at Chinese data
> you may be one of the few who do who nonetheless accepts retail sales
> as a measure of consumption growth. For the past five years retail
> sales have always been higher than GDP growth, and yet consumption
> as a share of GDP has declined, which at the very least is mathematically
> curious.

Cramer's Lightning Round-Youth Apparel Stock Are Worn Out (5/5/09)

Let's see... another Cramer Crummy Call. CREE - his take a couple of months ago is that the management team was poor and they were ramping up production which they knew nothing about - they "knew" R&D per Cramer. So now he feels like he can not comment. So what changed? No manager was removed or resigned and the production ramp up continued. Stock is now moving up and Cramer does not know why. Maybe he should just shut up when he knows nothing... oh wait he would not have anything to say and lose "Mad Money" show. too bad - no loss in my book.
And don't get me started on his rumor mongering on Apple.

Just How Big is the China Bubble?

Not trying to hide my head in the sand - but these charts have nothing to do with each other. Why not overlay the 1920-1933 market on the FXI - has as much meaning as the above? Focus on reality (growth numbers - ForeX rates - China's new investment group CIC - etc...) - not the speculation.

It's a Perfect World for Chinese Gaming Developers

The only thing not covered is that the stocks have a low volume and therefore are not particularly liquid. Additionally online gaming in China has another side - gambling. Any discussion of internet gaming in China should compare those stocks (GIGM for example) with the online gaming at large. Interesting though and something to monitor for future investments.