Are tales of China's recovery mostly hot air?

[HomoSalmon]

Quote from Debaser82:

The only ones lagging is Western europe according to the IMF.

They should ramp up the stimulus if they too want to recover fast.

Please do not put a curse on us!
Your "stimulus", as your sarcasm clearly suggest, is the biggest scam in history (and I agree with Keynes on most!).

 

[HomoSalmon]

Quote from IShopAtPublix:

Using that logic, we would expect italians in rome to return to greatness and greeks to rise up to world domination once more. Neither of which will ever happen.

Let an Italian say "never say never". If for a strange turn of history italians (or greeks) will anytime return to stick to the behaviour and values who made Rome or Athens what they was, they could (of course, noone in Italy believe it will happen soon, just make a tour of Naples, or even Rome Palaces. But even USA, that in some respect can be thought share the superior values of Roman Republic, seems losing that "special fiber" any day more. Anyone read about social conditions that drove Republic to Empire and then to its fall?).

Right now china is hopelessly overpopulated

Just a simple question. is China capable to grow all food it needs? (I'm really asking, because I have no idea)

 

[makloda]

Evans-Pritchard on the future of the "super savers" (China, Japan, Germany):

http://www.telegraph.co.uk/finance/...on-if-it-triggers-a-crisis-over-US-bonds.html

The world economy has long been running on fumes. The debt appetite of the Anglo-sphere and Club Med kept demand afloat, concealing excess capacity. The deformed interplay of Asia's Confucian model and Western consumption ran unchecked, until the imbalances blew up.

Yet it is easier to blame Uncle Sam, subprime, and friendless bankers. A folk tale has captured political discourse everywhere, from Beijing, to Tokyo, Moscow, and Berlin. If they are foolish enough to act on this self-serving illusion, they will pay the higher price.

He makes a good point. I see politicians from Germany to China blaming the US and "greedy bankers" for the mess. They're either too arrogant or too naive to realize they themselves are guilty of this mess just as much. Sooner or later these super-savers will have to admit they were the crack dealers supplying the dope (from cheap plastic toys to Porsche Cayenne SUVs) to consumption addicts that now are forced to go on rehab.