China

* Yes
* No

It is no secret that China's economic numbers are so cooked and unreliable, that they make the constantly changing and optimistically biased economic data out of the U.S. (especially lately) have the credibility equivalent of a Harvard Ph.D. thesis. University of Texas professor James Galbraith discusses one aspect of China's "booming" economy, specifically the question of China's Trade Surplus, which as he notes has been drastically inflated since 2002 due to Chinese companies over-reporting profits on exports in order to disguise various investments by foreigners into China, so as to beat capital control restrictions.

Monday the Obama administration and China begin talks- namely on currency tensions, the US budget deficit and the massively huge trade gap with China.

China, in addition to the hundreds of billions of low-cost, high-labor manufactured goods they’ve come to be known for; are importing 150 Chinese economic officials, in one of the largest visits ever to the United States.

Zero Hedge is currently in secret negotiations (see GE subsidiaries, we can leak market moving, secret stuff too) with Walstreetpro, finalizing the terms of his contributor status to our little (but growing) community.

The China bubble continues unabated but is finally starting to show signs of resistance.

Looks like Marla made her way to the Paper Street stamina bar last night... Must have been quite a show. For those who never went to bed, here are some early morning observations compliments of Black Swan Capital.

China reports a big 48% increase in car sales as many analysts see an end to the economic contagion in China.

For the foaming in the mouth daytraders who think that a day's reversion is the start of a multiyear secular pattern. Like the greenshoot crowd.

I'm reading two books right now, which I will deal with in two posts. The first is The Forgotten Continent by Michael Reid, the former bureau Chief for Latam at The Economist about modern Latin American history and development.

Submitted by Terence Doherty, guest author (via Phil's Stock World)

Here’s some recent news about the real estate markets in China. I think it is fascinating watching how these things unfold. This proves once again that the lesson of history is that we don’t learn the lessons of history.

Submitted by Terence Doherty, guest author (via Phil's Stock World)

Here’s some recent news about the real estate markets in China. I think it is fascinating watching how these things unfold. This proves once again that the lesson of history is that we don’t learn the lessons of history.

Submitted by Terence Doherty, guest author (via Phil's Stock World)

Here’s some recent news about the real estate markets in China. I think it is fascinating watching how these things unfold. This proves once again that the lesson of history is that we don’t learn the lessons of history.

Just released, a new and highly relevant Weekly Strategy report out from Albert Edwards of Societe Generale. Not only does Edwards, who was previously vilified then praised for calling the 1997 Asian Bubble, see a significant drop in equities before the end of the year, his main concern is every optimist's greatest green shoot: China.

Just released, a new and highly relevant Weekly Strategy report out from Albert Edwards of Societe Generale. Not only does Edwards, who was previously vilified then praised for calling the 1997 Asian Bubble, see a significant drop in equities before the end of the year, his main concern is every optimist's greatest green shoot: China.

Just released, a new and highly relevant Weekly Strategy report out from Albert Edwards of Societe Generale. Not only does Edwards, who was previously vilified then praised for calling the 1997 Asian Bubble, see a significant drop in equities before the end of the year, his main concern is every optimist's greatest green shoot: China.