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  • Better Listen What China Has to Say [View article]
    Mr. Lewis,
    pls be so kind to include yr alleged lies in China's GDP calculation when alluding to such.
    To find out what Yuans look like I modestly advise to do a "Go ogle" picture search.
    Pls also provide more background why China is run less to the people's benefit, e.g. in a comparison with the economic governance of the USA which tries to nationalize away its problems.
    Your kids will certainly be happy to pay up for the bonuses US bankers and the billions given to carmakers with hopelessly outdated products lagging several years behind European car making quality and fuel.
    Pls also be a more specific why Europe is a dragon?
    And pls check your last allegation which makes absolutely no logical sense.
    Maybe you read your comments a second time before hitting the "publish" button and apply a spell-checker too. "Tenents" (???) could not be found in any of the dictionaries I use.
    Thank you very much for your contribution.


    On Jun 28 01:11 PM James Lewis wrote:

    > I think the author does not understand the basic tenents of the balanace
    > of payments. Nor does he understand how gdp is calculated in China.
    > In China 6.1% GDP growth (which is around 4.5% after the lies have
    > been factored out) is indicative of a recession. In terms of China's
    > reserves, the reason why the Chinese Government has so much reserves
    > because they run China like a business, not like a non-for-profit
    > organisation with the PEOPLE'S best interests at heart. I'm sure
    > most countries could build up reserves by holding down the living
    > standards of a great majority of its people in order to fully exploit
    > and profit from its human resources.
    >
    > Also do we not think China is getting a little head of itself talking
    > about the Yuan being a reserve currency and the need for them to
    > buy more gold. Most of the worlds population dont even know what
    > the yuan looks it.
    >
    > And China is not a Dragon..it's hungry Tiger.
    > Europe is the Dragon.
    >
    > Tom E, nice thoughts. Seems to me the speculative stock-piling is
    > also a short-term trading hedge against the dollar weakening. Some
    > days I feel that China is talking the dollar down to make their speculative
    > stock-piles rise in value (in USD terms).
    >
    Jun 28 19:30 pm |Rating: +6 -1 |Link to Comment
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