These events were telegraphed clear as day. I understand that it is difficult to be a fundamental investor with the broad market rising 98% from 2008 lows while the cause of said lows have simple been exacerbated. Looking at it this way, many bullish pundits are of the mindset that China will lead the world out of recession as China is slamming on the breaks to avoid the already inevitable inflation boom at the same time that much of Europe is showing signs of a double dip and America is struggling with rapidly depreciating housing stock, excess debt and what looks like a structural shift in unemployment. Keep hope alive if you wish, but it looks to me that the printing to pop equities has just created another Boom/Bust scenario to cure the Boom/Bust scenario that we have yet to of exited.
Don't say I didn't tell you so...
- Can China Control the “Side-Effects” of its Stimulus-Led Growth? Let’s Look at the Facts Wednesday, February 3rd, 2010
- What Are the Odds That China Will Follow 1920’s US and 1980’s Japan? Wednesday, March 10th, 2010
- BoomBustBlog China Focus: Inflation? Thursday, May 20th, 2010
- BoomBustBlog China Focus: Interest Rates Thursday, May 20th, 2010
- All Throughout Last Year and During the Inflation/Deflation Camp Debates, I Warned of the Risks of Stagflation. Did I Have a Point? Let’s Look at the Numbers Behind the Numbers… Monday, July 26th, 2010
- China Is In a Self-Imposed Bubble That Has Nowhere To Go But Bust! You Don’t Get Something (Growth Through Stimulus) For Nothing (No Economic Consequences) Tuesday, November 23rd, 2010
- My China Ruminations Have Come to Pass As the Country Enters a Bear Market Tuesday, May 11th, 2010