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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 2338
Posted: Feb 22, 2010 5:00
Comments: 2338
Forum Topic:
USD
Discuss USD
& WHAT'S DIFFERENT
http://www.cityindex.co.uk/market-analysis/ashraf-laidi-blog.aspx
Ashraf
at the same time of china lower rate, they also let banks raise saving interest rate and lower loan interest rate by 10% adjustment on base rate, that was fixed before.
none of western analysts mention that.
so, AL's negative saving interest rate not exactly right. cus no one know real cpi in china, it is most likely negative or zero.
Imo China is the mother of all bubbles. Its economy is as bad as Russia's where a hundred gangster oligarchs , backed by Godfather Putin, control the economy .
government will do something to bend the figures. and wages didnt down, but improve as same as cpi(real figure is a bit slow than cpi, but bearable).
i wish it die tomorrow, but that is not fact. it will die by slow bleeding.
when and who print 4 tln to save the world, that make many of us thought government die tomorrow. atm, most of us realize that was a dream.
even u are right, they wont die in this yr.