Transparency? Stop! That No Needed!

From Barrons:

“We’re indebted to Zero Hedge… It cites a recent piece in the South China Morning Post, in which an economist at the Chinese Academy of Social Sciences reports that, based on readings of electricity meters, there are 64.5 million empty apartments and houses in the country’s urban areas. That, declares Zero Hedge, is five times the roughly 12 million vacant habitations (including shadow inventory) in the U.S. In other words, Zero Hedge exclaims, “China is covertly funding and creating a housing bubble at least five times as big as” our own late and unlamented housing bubble before it burst and left both housing and the economy in tatters. An incorrigible optimist, we reckon that the consequences of a bust may prove only twice as bad in China as they did here. But why doesn’t that make us feel any better?”

Strap that seat belt on tight! Better have a trading plan for when shit hits the fan! Bottom line, even though inept U.S. leaders only want you shopping till you drop, pretending we are in recovery, the Chinese are brewing up one helluva a storm worth paying attention to…

3 thoughts on “Transparency? Stop! That No Needed!

  1. Capitalism is not Free Enterprise. Great article by Tony Blizzard.

    “Capitalism wants “free markets” (not fair markets) for one purpose. To grab more and bigger shares of any business anywhere thanks to the criminally false financing of private bankers of issue, always the key to such rampaging greed.”

    “On the other hand, free enterprise presents a picture of persons of some drive offering a product or service to their local area on a small, try out basis, gradually expanding to each business person’s efficient limit in his home area, serving, more or less, local people. The method of operation of such free enterprises guarantees that capital will NOT accumulate into a few hands, as do giant franchises and chains, but will keep the medium of exchange circulating in the local area, never leaving, never creating boarded up downtown buildings leaving nothing but a “big box” on the edge of town next to an interstate highway where a portion of every sale is sent to global headquarters, concentrated into the hands of the few, while communities everywhere suffer from lack of enough medium of exchange to provide decent livings to all.”

    I think this is a interesting take on business today.

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