Great Depression fall looms

黑山老妖

From SMH article. http://www.smh.com.au/news/busin ... /1182623823367.htmlA Beijing sale ... some 40 per cent of China's state-owned enterprises are losing money, exposing the banks to likely stress.A Beijing sale ... some 40 per cent of China's state-owned enterprises are losing money, exposing the banks to likely stress.
Photo: AFP
Jacob Saulwick and Telegraph, London
June 26, 2007THE risk of a 1930s-style economic slump has been heightened by "euphoric" markets tapping cheap global credit, one of the world's pre-eminent financial institutions has said.In its annual report the Bank for International Settlements noted that the conditions which led up to the Great Depression of the 1930s and the Asian crises in the 1990s were reflected in the current environment."Each downturn was preceded by a period of non-inflationary growth exuberant enough to lead many commentators to suggest that a 'new era' had arrived," the bank said.The BIS, the central bankers' bank, pointed to a confluence o

vvguru

A great lesson learned in the past is too much opportunity lost when trying to short on China,
every Chinese knows state-owned enterprises are debt-ridden, banks giving out loans on open
cheque book in the hope government will bail them out. Chinese has its own ways to fix it. Look at the bigger picture, China's rising is inevitable and has a long way up. To restore China's
glory back in the history, China's economy should be at least 4 times as big as Japan's to achieve
what it deserves in the world.

大球球

原帖由 vvguru 于 2007-7-18 13:30 发表
A great lesson learned in the past is too much opportunity lost when trying to short on China,
every Chinese knows state-owned enterprises are debt-ridden, banks giving out loans on open
cheque  ... You have to consider the economy structure and citizen warefare, not only a GDP figure.

大球球

"Chinese has its own ways to fix it. "A Chinese way to fix those problem is to rip off from normal people to keep those banks and enterprises running.

galway

原帖由 大球球 于 2007-7-18 13:49 发表
"Chinese has its own ways to fix it. "A Chinese way to fix those problem is to rip off from normal people to keep those banks and enterprises running.

vvguru

i am not saying it shouldn't be improved on those aspects, but since when in the memory China ever has human
equality & social justice? we've had worse i have to say. and now all the sudden we are in crisis mode? lol[ 本帖最后由 vvguru 于 2007-7-18 15:35 编辑 ]

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sherry.luo

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