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VodkaPundit

The China Bubble Syndrome

May 8th, 2013 - 2:40 pm

All that money Uncle Ben is printing has to go somewhere, and last month oodles of it went to China:

China’s central bank signaled on Wednesday it was prepared to change its monetary strategy to fend off inflows of speculative capital, as Beijing struggles to control a tide of cash washing in from overseas markets.

The move came as April exports blew past expectations, which appeared on the surface to indicate that both China’s economy and global demand were on the mend. But economists were quick to suspect the figures were artificially inflated by investors who were disguising speculative bets on the yuan currency as trade payments.

Little is what it seems in China, until it turns out to be exactly what you suspected.

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All Comments   (3)
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The propagandists will cover this up until they no longer can. Thus, do they make it worse in the end.
49 weeks ago
49 weeks ago Link To Comment
Also the Chinese seem to be importing and buying a lot of gold and the government is suspiciously OK with that. Lower grade diamonds are selling well also.
49 weeks ago
49 weeks ago Link To Comment

“Little is what it seems in China, until it turns out to be exactly what you suspected.”

Damn, you got that right!

http://www.businessweek.com/articles/2013-05-06/more-scares-ahead-after-chinas-rat-meat-scandal
49 weeks ago
49 weeks ago Link To Comment
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