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  • Are Analysts Being Fooled By The Data? [View article]
    Cam:
    Excellent point you raised. I do believe it's the freezeup in credit and NOT decreased demand for goods that has pounded the BDI. Just look at today's release of the latest surplus numbers from China. The September trade surplus widened to a record balance. Would this be happening if China's economy was grinding to a halt? I think not. The idiots today were projecting that China's GDP would slide to 4% growth in 2009. This is an absolutely preposterous number that is competely offbase and without any substance to back it up. If that were allowed to occur there would be massive civil unrest and disturbances. The powers-to-be in Beijing would simply not permit it to happen. Major economic stimulus measures are already underway coming out of the Olympics. China will grow at 10% this year and slightly less (9.5%) next year.

    Yank
    Oct 13 10:26 am |Rating: 0 0 |Link to Comment
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