- advertisements -
Dr. Copper needs to go see a specialist, like Dr. Silver or Dr. Gold.
Looks like Dr Silver and Dr Gold are under investigation for malpractice
Why not make an appointment with Dr Doom?
Because he does not seem to keep his appointments. Where the hell is he!?
trying to divert attention from their own inevitable hard landing
At first I was confused if that was a BAC chart.
emerging. markits. bitchez.
It's the demerging market that is causing most headlines at the moment.
The SUBmerging market?
BTW, nice rotor....:)
@Comay Mierda agree.
do we really want to read any material published by any banks or entities that needed a bail out???
BoA seems to be more forthright, lately. Maybe they know they are going down, and have decided to tell the (partial) truth.
Classic diversionary tactic.
This is schoolyard stuff.
Teacher catches kid being naughty, kid dobs on 3 others who were helping.
Prisoner's dillemma applies too.
The one who cooperates in exposing others is treated less harshly.
Once they dob though, everyone has motivation to dob. The last one to hold out cops it worst.
I still remember one day in high school (approx 14yo) being caught with mock posters suggesting our school was a nazi organisation run by the Hitler moustache wearing female principal. Crude, but amusing to us.
Well, they knew I didn't have the skills to make the poster, so they pressured me to tell. Telling me I'd be suspended for longer if I didn't. It clicked that that's all they could do. That if I dobbed, then 4-5 other friends were going to get suspended too and I had no guarantee they weren't lying to me. I explained to them that the overall punishment would be lower if I took all the blame. 2 days definitely vs 4-10 days(if they were lying) spread evenly. They didn't really like that but there wasnt much they could do.
I gained some respect that day.
You gained some respect, but I'll bet later that day the Principal was researching the cost of installing cameras in all the lockers....
Principal = King George
You= Thomas Paine.
If that happened today you would be arrested and interrogated by department of homeland security or the FBI and put on the list.....labeled a domestic terrorist.
Times have changed haven't they?
Not in my country.
Which I'd guess is Australia, from "dob," maybe also "click," and the avatar (de Vlamingh). If I'm wrong I'll eat Vegemite. Which I'd rather not. Could probably find some where I'm at though.
Steve Roach is one of the few analysts/economists I believe when it comes to China He was the #1 MS economist for Asia up until recently and lived in Beijing.
Please interview him about China...not a BAC person.
Plus, OzLand is leveraged 40:1 based on China's growth. For every little drop in China's demand for materials, OzLand will feel lots more pain imo. Their RE is already sinking....
Is it a surprise that the Chinese economy fails?
"Made In China"
The only question is when and what else it takes down (and how much fire, explosions, dead fish people, etc.)
Anytime anyone says anything bad about China or Israel on this site it generates a lot of junks. There wouldn't be prying eyes from those countries here, would there?
Screw China, it's the ultimate bubble resting upon the Great Bubbles that are popping in the West. It's over Hop Sing. You don't get the Century of China, and you certainly don't get laid because your One Child policy led to all the girls being aborted. All you got from all that work was a polluted landscape, corruption, bankrupt provinces, soon to be hollowed out industries, and trade barriers going up.
You, no trouble! Go now to ghost city and cry on pillow.
Awwww, those damned fringe blogs!!
if you can't stop them, join them.
China will just print, and build to timbuktu.
When inflation goes bonkers they'll then try price controls, they've already tried it with diesel and alcohol, matter of time before they try it elsewhere.
That bitch has still got some legs in it yet.
and paint thin the milk
and add plastic to the rice...
Don't forget the lead painted toys for tots.
Chinese Ghost Cities Bitchez
fake economic growth!
A great deal of China’s economic growth has been through the strategy of the government building massive cities and universities that there is no demand for. All of the materials and labor that goes into these massive projects improves GDP. Unfortunately, its led to an estimated 64 million empty apartment units in China that are too expensive for most Chinese families to afford (there is only a little over 30 million multi-unit housing units in the U.S.). Occupancy rates in these new cities are at less than 25%. And the ‘world’s largest shopping mall’ is almost completely empty.
There is even an aerial photo of the Yunan University – built to accommodate 2.3 million students. How many students actually attend? 11,000.
All of this could ultimately result in a few little problems for China:
If this is what it takes to maintain economic growth… then China has some big problems.
Wake TF up
step 1: build ghost cities
step 2: ?
step 3: PROFIT!
The GhostCity Gnomes?
HA! You got two junks for that. Suck it Chinese trolls. Put the truth in your egg rolls and shove it.
Hey, why is it everytime your f'd up military shoots someone down in international airspace they have to appologize to you?
How is it you draw a line in the China Sea, claiming distant territory for your own, that is so tortured in shape it would make a redistricting politician blush. Your claims over these islands are based on POTTERY shards? LOL, nation of bullies and theives.
You must appologize now to Smiddywesson for your barbarian antics.
The Middle Kingdom has been around for over 5,000 years.
How long has BAC been around?
BAC survives on pushing paper around...China thrives on production.
Who will Bite the Dust first?
Well, China has imploded more times than Bank of America, has had more peasant rebellions than BofA, has been conquered more times than BofA, is definately more corrupt than BofA... I vote China with BofA hot on its heels.
The land has been there for 5000 years, the system of government hasn't. And that government is scared, otherwise it wouldn't have had to censer the media and kick out Google. You throw out the "Middle Kingdom" baloney like it's one people. There are 292 languages spoken in China. There aren't any "Chinese." There are a huge number of diverse groups being held together at the point of a bayonet and the promise of "The Century of China." Well, guess what? You aren't getting your Century of China because it was built on a pipe dream that the world wasn't going to change and you would perpetually benefit from the current monetary and trade system. That system is over, so I'd be surprised if there even IS a China in another 50 years.
Message to Blythe and other scum out there.
Cover all your shorts now or get totally blown out of the water when volume overtakes you as Asians and Europe en-mass flee uncertainty and a destituter Euro for gold, silver...
CNBS see's it more important to NOT mention China. It takes too much time away from slamming Whitney's muni-bond call "one year later" every 5 minutes. Because if she's wrong in exactly one calendar year then obviously the economy is getting better.
Gee, do ya think CNBS will bring on all the "Dow 600,000/SPX 20,000" "contributors" they parade daily to slam them "one year later"?
I hate those CNBS shillfucs!
Then don't watch it.
If there is an expert out there in "hard landings", it is Bank of America...
Sub 7% growth is a hard landing?
When food inflation can hit 15% and you spend 40% of your income on food, it is.
If the housing bubble is as big as suggested than a blow off could cause the Chinese economy to actually shrink.
Collapse. When you are accustomed to a $10 million dollar salary each year, and your salary is cut to $8 million, you go bust.
Big collapse event is drawing near -- all these Truth Tellers coming out of the closet to point their finger so they arent guilty by ommission; or maybe so they can build some last minute credibility and look like Financial Jimmy the Greeks when they hang up their shingle and try and get into business after financial armagedon.
There are problems in China. And Chinese stocks both in Shanghai and Hongkong are in bear territory.
However, using the materials that presented by BOfAML to prove anything is laughable. What is wrong is not what he presented. What he presented is collection of garbage data good for American investment banking circle. Just like CIA could not predict the breakup of the Soviet Union, the I-Bank types could not do anything useful today.
"China Hard Landing" blahh blahh blahh
It's a JOKE. 8-9% growth rate expected in
2011-2012, as of now China experienced power shortages, that's how
"slow" China is moving. Pork, Agriculture product shortages as well.
I won't be left holding the bag of fried rice, wantons, sweet-sour pork, euro bonds, etc.
Fuck it. Nominal GDP growth is purely bullshit for those brainwashed yo-yos. China's REAL GDP growth has been negative for the entire year so far.
Yes, their numbers are bullshit. Don't listen to what they say, watch what they do. The very fact they buildt all that infrastructure like the ghost cities shows their desperation. I ask you thi, does a nation that is experiencing growth like they claimed to be enjoying EVER build ghost cities, malls that go empty, empty office buidings, railroads to nowhere. They are starting to crack.
And for anyone who thinks they have incredible business minds, like they did the Japanese before they blew up, I smell a large measure of Keynes in their actions. They are no smarter than anyone else.
China is evolving, bitchez! Mind your own biz and worry about your own backyard! *L*
you are the greater fool.
Why don't you just come out and say it, just call us "barbarians." That's your name for everybody, right?
Mind your own business is what you always say, except when you are poking around in other people's business. Like when you are stealing territory in the South China Sea? Like when you are building aircraft carriers and threatening your neighbors?
Appologize. You must show humility and appologize.
Tips: tips [ at ] zerohedge.com
General: info [ at ] zerohedge.com
Legal: legal [ at ] zerohedge.com
Advertising: ads [ at ] zerohedge.com
Abuse/Complaints: abuse [ at ] zerohedge.com
Advertise With Us
Make sure to read our "How To [Read/Tip Off] Zero Hedge Without Attracting The Interest Of [Human Resources/The Treasury/Black Helicopters]" Guide
How to report offensive comments
Notice on Racial Discrimination.