11-11-2008, 10:33 PM
<!--QuoteBegin-Mudy+Nov 9 2008, 05:10 AM-->QUOTE(Mudy @ Nov 9 2008, 05:10 AM)<!--QuoteEBegin-->
I was on dot, half trillion to keep chini rioting crowd happy, not sure they can keep them silent. It means Chinese saving is evaporating very fast. No news on number of bank failures, my guess around 30% of goverment owned bank just collapsed.
They are still doing nothing with currency evaluation, which is very interesting. I think it is heading or already reached to correct value.
[right][snapback]89949[/snapback][/right]
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Marc Faber says the growth in China will top 5% at the max.
This is recession for China in a big way
I was on dot, half trillion to keep chini rioting crowd happy, not sure they can keep them silent. It means Chinese saving is evaporating very fast. No news on number of bank failures, my guess around 30% of goverment owned bank just collapsed.
They are still doing nothing with currency evaluation, which is very interesting. I think it is heading or already reached to correct value.
[right][snapback]89949[/snapback][/right]
<!--QuoteEnd--><!--QuoteEEnd-->
Marc Faber says the growth in China will top 5% at the max.
This is recession for China in a big way