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Monday, November 28, 2011

China's Economy: There Be Troubled Waters...

Can China Rescue Its Economy? - Forbes: "On Wednesday, HSBC roiled markets around the world by releasing its Flash China Purchasing Managers’ Index for November. The widely followed indicator dropped from 51.0 to 48.1, crossing the crucial line of 50 that divides expansion from contraction. Most worrisome, it appears that the factory sector is shrinking due to weakness in domestic, as opposed to export, orders."

Once-upon-a-time there was a big, big bad bubble... 

Meanwhile back in the land of us Westies: "We could start building and making things in places that my dad said were called factories," said X-Box boy, with the extra large mutant thumbs. "But...I've never been outside my bedroom except for a pizza delivery," moaned his arthritic fingered mate. "I once saw an old photo of some really spooky broken-windowed place, which sort of sounds what your dad was telling you about."
Scoring 3 trillion without losing a goblin, arthritic Ali  tranced off once more into the really, real world of 3D screens and light-flickering foo-fighters...

For more on China's boom and perhaps it's not so slow, sinking party-over balloon, click on the above link.
(Photo: Copyright Control).