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rffrydr
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 Posted: Mon Mar 05, 2012 6:47 pm Post subject: |
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The unkindest cut of all? Pride takes a hit this weekend as growth is taken down a notch. And just a notch. But loosing that sacred number "8," held since the glory age began in 2005, is tantamount to defeat--and "raising" the expected inflation rate to 4% sets up a potential "triple death" next year. That, nobody wants to see.
Now that the hoard has peaked (other than healthcare savings) leveraged up to europe and clocking out on infrastructure any investor has to ask themselves at this point what they believe. For myself, not dropping a penny, but I think the dragon will save us.
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rffrydr
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rffrydr
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| Posted: Fri Feb 17, 2012 6:07 am Post subject: |
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One brand we absolutely dominate, the celebrity--but Richard Gere won't be the model here:
http://www.latimes.com/news/nationworld/world/la-fg-china-culture-20120217,0,5904111.story
| Quote: | | Sharon Stone's films have not been shown since her offhand remark at the 2008 Cannes Film Festival suggesting that a devastating earthquake in China that year was "karma" in retribution for the treatment of Tibetans. |
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rffrydr
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| Posted: Mon Jan 23, 2012 10:44 am Post subject: |
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Buffet buys brands--which are exceptionally hard to find in native form. Indeed, after a century of ripping off and "decontenting" it's own, the chinese defy many of the nation builders of old like food, retail, autos, submarines and medicine. Baidu and China Rail are perhaps the exception that proves the rule. Petro China and Bank of China are probably the biggest expression of nationalism--but hardly a brand.
If for only this reason alone, I continue to say this is the Best of All Possible Depressions. Meanwhile, what brand springs to mind for Warren when he's thinking china?
http://www.youtube.com/watch?v=QBKwTSBBn7U
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rffrydr
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| Posted: Thu Oct 27, 2011 6:58 am Post subject: |
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While London finds a new fret I will say right now that the Chinese (and thus the brazilians) will fund the ESFS in a meaningful way. Indeed they aleady are. This is the secret behind the euro's stalwartness this last six months.
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rffrydr
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| Posted: Fri Oct 14, 2011 8:01 am Post subject: |
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A survey of 1207 Chinese firms found that 51.3% had put money into the underground banking system. 42.7% had taken money from private lenders.
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rffrydr
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rffrydr
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| Posted: Thu Oct 06, 2011 9:52 am Post subject: |
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Just coincidence that the Rail crash happened in Wenzhou? The "shadow" here is on generational family savings:
http://ftalphaville.ft.com/blog/2011/10/06/695126/chinas-shadow-banking-sector-needs-a-bail-out-says-socgen/
| Quote: | | According to the PBoC’s Wenzhou branch office, the size of the underground banking in the city is estimated to have reached CNY 110bn, equivalent to 18% of Wenzhou’s CNY 602bn formal bank loans. The central bank also estimates that close to 90% of households and 60% of local enterprises are participating in this credit boom. |
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rffrydr
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| Posted: Sun Aug 14, 2011 9:31 am Post subject: |
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Sound familiar?
| Quote: | Its levers of control within the industry have grown subtler. Directors who produce unauthorized films that overtly challenge the government can face temporary work bans or more serious harassment. But more often, officials rely on the acquiescence of directors who seek to reach a broad audience. China does not forbid independent filmmaking, but it does control distribution, so filmmakers who want their work to be widely seen end up submitting themselves to a capricious censorship process. Access to a lucrative domestic market is at stake, and government support can help international sales, so censors have become gatekeepers to money and fame.
The drive among prominent directors to expose uncomfortable truths appears to have diminished as the country has grown wealthier. Once-rebellious artists, like the director Zhang Yimou, have been showered with largess after agreeing to work within the system they once disdained.
“Together,” which was submitted to censors, avoids mentioning the government’s long cover-up of H.I.V. and AIDS in China. And Mr. Zhao was asked by officials to make a number of cuts. One Chinese film expert, after watching “Together” in Hong Kong, said Mr. Zhao had “gone to the other side.” |
http://www.nytimes.com/2011/08/14/world/asia/14filmmaker.html?_r=1&hp
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rffrydr
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| Posted: Sat Aug 06, 2011 9:12 pm Post subject: |
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The little train that couldn't:
http://www.economist.com/node/21525419
| Quote: | | This approach does not fly with the Wenzhou crash. The leaders have pinned their own and the country’s prestige to high-speed rail. From a standing start, China has built the world’s longest high-speed network—a genuine achievement, but one the leaders exaggerated. High-speed rail was a patriotic symbol and the next great export. Yet even before the crash, the network was plagued by breakdowns. Earlier this year the railways minister was sacked on suspicion of vast corruption. A darling programme is in trouble. |
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rffrydr
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| Posted: Sat Apr 30, 2011 5:45 am Post subject: |
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You can't have a "world class" city without "no-smoking" signs--er, good luck with that:
http://www.latimes.com/health/la-fg-china-smoke-20110430,0,1092056.story
| Quote: | | China National Tobacco Corp. is a state-owned cigarette monopoly and the world's largest tobacco company. In 2009, more than 7.5% of government revenue, or $77.3 billion, came from taxes and profits related to tobacco, according to the China Daily. |
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rffrydr
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| Posted: Sat Jan 22, 2011 8:34 am Post subject: |
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Amazingly the chinese drop their "indigenous innovation" campaign. Viewing Korea as what it always has been, war with the West, we have to say the exercises late last year that included a US General pushing for live fire we're a turning point. China was suddenly on the defensive all across its "sphere of influence" and the prospect of becoming the "bully" that worked so well against America hit home. Now, after a grand gala in Washington, everything is changed.
http://www.nytimes.com/2011/01/22/opinion/22sat1.html?hp=&adxnnl=1&adxnnlx=1295706048-z8JadYVw2GVUAxA9ywWo3Q
Once again, politics anyone?
I'll make an exaggerated prediction here to underscore the point: we have seen china's peak trade surplus--at least in our lifetimes  Thanks for that Jimmy Rogers. Sorry I didn't (directly) take your advice. But now you can retire. Demographics will be the kicker.
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rffrydr
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rffrydr
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| Posted: Tue Jan 11, 2011 9:49 am Post subject: |
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Stealth Fighter sent airborne on Gates arrival:
http://www.nytimes.com/2011/01/12/world/asia/12fighter.html?_r=1&hp
This could backfire when it is revealed how little "china" is in this chinese aircraft. But time will tell.
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rffrydr
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