He Called The Bust

Dr Jim has merely stated the obvious -- that China is effectively headed into recession. What I don't understand any more than he does is why so few "economists" fail to see the reality. China makes more than it can consume, so it exports its surplus. America consumes far more than it produces, so it imports a deficit. So, when America goes into recession and stops consuming, how the heck can China go on producing? It HAS to go into recession. The only alternative is to keep producing and build up mountains of unwanted inventory. This isn't a $1 lottery ticket or a "best guess". It's very, very simply logic.

What's use of talking about China's slump? The world ecomomy is much like the body of a patient, who could not walk at all because of losing legs.If China is slump, USA will slump, almost everywhere in this world will slump. You don't need to predict it,, it's waste of your time.

Walker's "prediction is as good as my guess. His "prediction" is well off now. It MIGHT be true for 2009. A lot of people predict subprime mess - Many more people predicted China's collapse since 1990. The nice thing about "predcition" is like buying a $1 lottery ticket: you are mostly likely to lose your bet but hey, it is just $1; but if you win you win big! You even can get an interview on Newsweek!

Walker's "prediction is as good as my guess. His "prediction" is well off now. It MIGHT be true for 2009. A lot of people predict subprime mess - Many more people predicted China's collapse since 1990. The nice thing about "predcition" is like buying a $1 lottery ticket: you are mostly likely to lose your bet but hey, it is just $1; but if you win you win big! You even can get an interview on Newsweek!