Re: Calm before hopefully a gentle storm...

On Jun 29, 12:25 am, "fyfp...@xxxxxxxxx" <fyfp...@xxxxxxxxx> wrote:
On 6月29日, 上午7时44分, ltlee1 <ltl...@xxxxxxxxxxx> wrote:





On Jun 28, 5:17 pm, "Albert K. Fung" <akwf...@xxxxxxxxxxx> wrote:

fyfpoon:

The Olympic is about to start and when one looks beyond Olymic, one
wonders what the next excitement will be for both China and the rest
of the world.

My own experiences in the past seem to have suggested that the next
storm will be one in which whoever will get into the White House will
have to gradually notch up the interest rates in order to check the
rampant growth of this Goliath named inflation. Since my economics
knowledge has already been 'given back' to teachers, I am looking
forward to being enlightened on this issue by high-tech economists
like Albert Fung and T Lee...and perhaps Jim Walsh too.

In particular, I wish to be illuminated on the various ramifications
for China by such an interest hike and what one can do to guard
oneself against the possible damages.

The post Olympics Games China ....

Will have one ginormous hangover. All past excesses, done in
the name of the Olympic Games, will be coming home to roost,
all at once. Her stock market, for example, is currently on
life support, by the PRC government. Everyone is expecting a
spectacular big bang.

When the feeding tubes are removed .... :)

PS: Many, this humble netter included, are putting ginormous
sums of money on the RMB appreciation, or the removal of
the RMB/USD peg. Right now, the Chinese are being slowly
cooked. If the Chinese government does not take decisive
action, it will not be long before the country is toast.

Regards,

Albert K. Fung
Casa Tres Palmas, Santa Ynez, California, USA.

-- Posted on news://freenews.netfront.net - Complaints to n...@xxxxxxxxxxxx --

No one can exclude short term hiccups. But according to Justin Lin,
the China miracle will continue.

http://www.moneyweb.co.za/mw/view/mw/en/page55?oid=210231&sn=Detail
"MONEYWEB: One of the most important things for the global economy is
the China Miracle. Is it still on track?

PROF JUSTIN YIFU LIN: Ja, I think that very likely this will continue,
although China will face all kinds of challenges. Bu China in the past
had many kinds of challenges and the approach in China is that, well,
we face the challenges, and then try to find what are the constraints
and opportunities, and then mobilise resources to overcome those kinds
of constraints and grasp the opportunities."

As for the stock market, unlike Hong Kong, a much smaller percerntage
of people are speculating on stocks. So a stock market collapse will
have less damages to the overall economy. One gloabl system risk is
the dollar. If the dollar is going down the drain in the near future,
all hell will break loose.- 隐藏被引用文字 -

- 显示引用的文字 -

So you are convinced that the prognostication of Justin is superior to
that of Albert Fung...

What do you expect Dr. Lin to tell? To tell the same thing that
Albert has said even though he may have believed there were an element
of truth there.

No one can tell the future. I find Lin's prognostication reasonable.
That is all.

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- Show quoted text -

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