TPA

Is China Pulling an Alan Greenspan?

Agreed... Growing at 5-6% is a hell of a lot better than what's going on in the West right now. I think it a moot point to argue whether the Chinese government knows what it's doing. They've succeeded over the past 2 decades by NOT listening to the West.


On Feb 17 01:51 PM The Mad Hedge Fund Trader wrote:

> One of the few mustard seeds out there continues to be the Shanghai
> stock market, up 32% YTD, and the best performing stock market in
> the world. Pundits with short memories are rehabilitating the “decoupling”
> theory again, which so far has only “decoupled” investors from their
> money. While the Middle Kingdom’s growth rate has backed off from
> a torrid 13% to probably 5%, it is the only major economy that is
> actually growing. The bet is that their stimulus package, which has
> a much higher component of infrastructure as opposed to social spending
> and tax cuts, will work better than ours. Betting against China has
> been a loser for 30 years now.