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Sunday, December 21, 2003
DECEMBER 19
[As long as Asian banks keep buying $ everything will be OK, the thing that could throw a spanner if Asian economies overheat, withdrawing buying power from them - China monetary growth 20% averaged.]
DAILY COMMENTARY
[China has 2 malinvestmnets - too high monetary growth and excessive central planning , will cause big problems in future as did in US, but in 2005.]
[Gloom report says that it is a question of overcapacity, therefore there is also a risk of deflation on slowdown.]
[As long as Asian banks keep buying $ everything will be OK, the thing that could throw a spanner if Asian economies overheat, withdrawing buying power from them - China monetary growth 20% averaged.]
DAILY COMMENTARY
[China has 2 malinvestmnets - too high monetary growth and excessive central planning , will cause big problems in future as did in US, but in 2005.]
[Gloom report says that it is a question of overcapacity, therefore there is also a risk of deflation on slowdown.]