Stagflation, Made In China Edition

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Tue, 05/10/2011 - 22:13 | 1261398 Cdad
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Did anyone else catch that BlowHorn World [CNBC W] commentary after the release?  Good lord, it was...incomprehensible.  

First, the high CPI was a number that was splitting hairs, the PPI was soooooo much lower than...."expectations"...that it was a leading indicator that inflation is over...and the miss on the industrial production, "Could be good, could be bad."

WTF?  It is way past time to start drinkin'.

Tue, 05/10/2011 - 22:17 | 1261414 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

It is beer o'clock ain't it?  Time to throw some fake money around the bar and tip the tender like I care.

Tue, 05/10/2011 - 23:11 | 1261629 CPL
CPL's picture

It is.  Time to crack a two four and watch it burn.


btw the markets will be awesome tommorrow.

Tue, 05/10/2011 - 22:58 | 1261594 bigelkhorn
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Its bleeding red here at the moment. China ready to burst? Hmmm.

That guy from FFT is oz is good, I been following him for a while and he called the market crash in 2008. 

I belong to his membership site, its awesome and has live videos and everything to follow along. 

Makes it easy to take money from the market even if you are a newbie!. 

His new monthly trading club is opening tomorrow, and over at :-

Tue, 05/10/2011 - 23:11 | 1261640 CrashisOptimistic
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more spam

Tue, 05/10/2011 - 23:57 | 1261770 Fish Gone Bad
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I gotta agree.  People who make obscene amounts of money generally keep their mouths shut, at least until they want to become philanthropists, they are not out hustling people. Speaking of hustling, what the fuck is up with that video anyway?  Even the bears talking about silver is made better.

Wed, 05/11/2011 - 02:41 | 1261970 Michael
Michael's picture

I just figured out what CNBC stands for; "Central Neo-Bank Cartel" channel.

The reporters on that channel are Central Neo-Bank Cartel employees.

This revelation makes it a lot easier to see who the reporters on CNBC actually are without the special glasses.

They Live - Obey, Consume, This is your God

Thank me.

Wed, 05/11/2011 - 07:03 | 1262156 A.W.E.S.O.M.-O 4000
A.W.E.S.O.M.-O 4000's picture

I love watching CNBC.


If by CNBC you mean Porno

Wed, 05/11/2011 - 05:23 | 1262080 Weisbrot
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I wonder what the real numbers are. Im also curious when the effect of compound price increases are really going to take off and show inflations ugly head.

Tue, 05/10/2011 - 22:15 | 1261400 Reese Bobby
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Chinese economic reports: "Making up numbers since 1998"

Tue, 05/10/2011 - 23:56 | 1261773 RockyRacoon
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This is just what they are "reporting".   Imagine what the numbers really are.

Wed, 05/11/2011 - 05:26 | 1262082 Weisbrot
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if other bogus numbers are any indication I believe the range is between 8% and 35% higher

Tue, 05/10/2011 - 23:58 | 1261774 Fish Gone Bad
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Tue, 05/10/2011 - 22:12 | 1261401 Mr Lennon Hendrix
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Shit, China, buy more ipads.  WTF!

Tue, 05/10/2011 - 22:18 | 1261421 legal eagle
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And how long before higher Chinese prices show up at Walmart? Long bicycles.

Wed, 05/11/2011 - 04:22 | 1262033 slewie the pi-rat
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+3 schwinns

Tue, 05/10/2011 - 22:22 | 1261435 Caviar Emptor
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China: rising wages, rising real asset values

US: falling wages, falling real asset values

That's the difference. They have a classic inflationary spiral from an overheated economy that may be transitioning slowly to stagflation. We're more advanced and sophisticated: we have deflationary changes in individual real incomes and net worth from falling real estate values and offshoring along with spiraling cost of living inputs. We win!

Tue, 05/10/2011 - 22:30 | 1261466 suldog
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Tue, 05/10/2011 - 22:44 | 1261531 Reese Bobby
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Tue, 05/10/2011 - 22:24 | 1261443 Dr. No
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Watch the dollar strength. This is exactly what timmah prayed for. Sell china equities and buy something denominated in another currency. Let see, not euro cuz of Greece, but what else? Humm

Wed, 05/11/2011 - 07:02 | 1262157 JimBowie1958
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Swiss Francs?

Tue, 05/10/2011 - 22:24 | 1261445 legal eagle
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Did you catch that crap on Sqwak on the Street this morning about US and Chinese workers wages getting close to even? I hire trained Experienced IT guys in Shanghai for $1350 Reminbi a month, how many dollars is that again?

Tue, 05/10/2011 - 22:26 | 1261449 Tyler Durden
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Yes. They "borrowed" it from Zero Hedge:

With China Forecast To Reach Wage Parity With The US In Five Years, Is A New Manufacturing Golden Age Coming To The US?

Of course, they only reported one half of the story.

Tue, 05/10/2011 - 22:34 | 1261468 legal eagle
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Tyler, privileged you responded. You do a great service on this website! I will read the link, but although wages are rising I don't see parity anytime soon.

Tue, 05/10/2011 - 22:39 | 1261487 Tyler Durden
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Read the full post

Tue, 05/10/2011 - 22:40 | 1261506 legal eagle
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Yep, read the whole post. States the case better than me. I am not worthy.

Tue, 05/10/2011 - 22:45 | 1261536 Reese Bobby
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Kiss Ass

Tue, 05/10/2011 - 23:11 | 1261639 legal eagle
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Just respectful, and not obstinate. I would not needlessly offend. You?

Tue, 05/10/2011 - 23:27 | 1261678 Reese Bobby
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Satirically witty...

Wed, 05/11/2011 - 00:02 | 1261783 Fish Gone Bad
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I don't think there is a Fight Club rule against sucking up, but I am pretty sure it is frowned upon.  If anyone wants to pay some respect, contribute $.

Wed, 05/11/2011 - 07:13 | 1262167 JimBowie1958
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Frowned on by who? And I do plan to donate, just cant at the moment - I am merely one of the working plebes out here in Flyovia.

Wed, 05/11/2011 - 07:11 | 1262165 JimBowie1958
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Why is stating the obvious sucking up?


Tue, 05/10/2011 - 22:40 | 1261491 km4
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Inflation is “the most pressing problem” facing China, Vice Premier Wang Qishan said

But we don't have any inflation in Merica according to Ben Bernank who prints dollars like a drunken sailor

Tue, 05/10/2011 - 23:42 | 1261729 Prof Gulliver
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Wrong analogy. Drunken sailors spend money. Ben is simply supplying the drunken sailors with an infinite amount of Bennie Bux.

Tue, 05/10/2011 - 23:50 | 1261759 Re-Discovery
Re-Discovery's picture

Of course he's spending, how do you think he got that balance sheet.

Ben is spending worse than drunken sailors.  He's sitting at the bar at 4 am ordering more shots hoping a couple of Red Bulls will get him to work in the morning.  Trust me, I've tried it.  Doesn't work.

And the hangover is a BIIITTTTCCCHH!

Wed, 05/11/2011 - 00:04 | 1261787 Fish Gone Bad
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That's why they invented methylphenidate.

Wed, 05/11/2011 - 01:39 | 1261916 SokPOTUS
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Drunken sailors only spend money until they pass out or run out of money.  We should be so lucky.

Wed, 05/11/2011 - 05:35 | 1262083 Weisbrot
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the Ben Bernanke is doing a public service by devaluing (by printing the money) the "public" debt. and by "public" I mean the debt thrown upon us by the korrupt, to prop up their projects that benefit the few and burden the many.


insert "quote here"

Tue, 05/10/2011 - 22:50 | 1261557 buzzsaw99
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Time for the jasmine-baggers to get uppity again.

Tue, 05/10/2011 - 22:55 | 1261569 chump666
chump666's picture

China the biggest number fugger on the planet.  They are going to blow out in 2011.  The BS their numbers and oil goes bid, what idiots.

China's 2011 bust should send oil down, i don't think theywill go into stagflation.  just bust. USD should be bid will stabilize oil price for a little while

Tue, 05/10/2011 - 23:38 | 1261721 Whore_of_Babylon
Whore_of_Babylon's picture

China no need to worry.  China have lots of US$.  US have lots of dogs no longer can afford.  China want to improve better nutrition.  WIN CHINA. WIN US.

Wed, 05/11/2011 - 00:45 | 1261836 chump666
chump666's picture

hahaha that is funny

Wed, 05/11/2011 - 00:50 | 1261843 Dr. Engali
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I thought they put cat in chinese food..... Wait ,they only put cat in American Chinese food.

Wed, 05/11/2011 - 06:15 | 1262114 StychoKiller
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Chinese epithet for being worthless:  "Wolf's heart, dog's lungs!"

Tue, 05/10/2011 - 23:54 | 1261769 What_Me_Worry
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“Another slight uptick in inflation is possible by mid- year, but it seems that for inflation, the worst is nearly over for China,” Alaistair Chan, a Sydney-based economist at Moody’s Analytics said before today’s announcement.

Wow.  The sad part is he actually believed what he was saying.

Officials have raised banks’ reserve requirements, reined in credit growth from the record levels of 2009 and 2010, restricted home purchases, and this month fined consumer goods company Unilever 2 million yuan ($300,000) for telling the media that it planned to raise prices.

I am at a loss for words on this one.  I can't even come up with something sarcastic to say.  The only option now is to lie, or say nothing at all.  Zero Hedge could bailout the whole world if they just travel to China and let them levy fines against them.  They must be into the quadrillions of Yuan in truthiness.

Wed, 05/11/2011 - 04:44 | 1262049 slewie the pi-rat
slewie the pi-rat's picture

but, alf_e!  don't you know that if there is inflation the banksters and the central planners can always just bring it right under control, with nary an unintended consequece and nothing but white swans, forever, right up there with the freaking unicorns?

HPC Surface Analysis/Radar Loop

this weather map + bong = wwfamine

List of countries by population in 2000 - Wikipedia, the free encyclopedia

GeoHive - Population Statistics

other may prefer the CIA factbook angles.

food is ^^^!!! 

the global slowdown + inflation = china stagflation. 

china is at least honest with the People of the Republic:  we arge to buy gold and silver hand over fist b/c if this fiat shit doesn't work out, you're on your own, and doomed without them. 

damned commie mogambos!!!


Wed, 05/11/2011 - 00:31 | 1261822 Coldfire
Coldfire's picture

Statistical bukkake. But I repeat myself.

Wed, 05/11/2011 - 00:51 | 1261845 Jovil
Jovil's picture

Where are we individually in the Pyramid of Capitalism.

Wed, 05/11/2011 - 00:50 | 1261847 Jovil
Jovil's picture

Where are we individually in the Pyramid of Capitalism.

Wed, 05/11/2011 - 01:48 | 1261856 baby_BLYTHE
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Before we put a "limit" on debt/deficits. We need to put a lid on the Bernank (preferably a noose; for committing treason handing out money to foreigners while decent Americans were losing their homes)

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