Monday, January 9, 2017

China news, and so on


Nice to see Sinocism has gotten back to work.


Bloomberg - China planning a relaxed approach to growth. Read this, just in case you've listened too much to the MSM idiots like Ray Dalio and Jeff Gundlach blathering their fucking nonsense about Chinese leadership being dumber than them. Because Chinese leadership are not dumber than some cunt with a hedge fund. But at least it gives me a reason to start a "China Doom 2017?" tag to go with my China Doom 2012-2016 inclusive tags. I'm sure we'll be hearing a lot more about the coming China doom from these clowns soon.


Globe & Mail - those Chinese "ghost towns"? Yeah, about that.... They're not ghost towns anymore. They're full of people. China, you see, was smart enough to build ahead of growth, probably because they didn't want their cities to be ringed by tin-roof slums the way every other developing country's cities are ringed by tin-roof slums. And they were smart enough to build all this capital before the demand was there.


FT Alphaville - the great rotation. Mostly bullshit theory from a paid nobody, except for this:
$1.5 trillion inflows to bond funds in past 10 years vs $0 to equity funds
It's not that they're wrong, it's just that it means equities are overvalued and there's too much savings in the world relative to investment.

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