Interest rates rise in China

Greg_Cornish · Post by **Greg_Cornish** » Thu Jan 07, 2010 6:06 pm

Was watching PBS tonight when this guy, Howard Silverblatt was asked how rising interest rates in China would affect the world economy. While this is not related I wonder how Elmer Fudd ever rose to this position?

angler2020 · Post by **angler2020** » Thu Jan 07, 2010 11:13 pm

China has created a housing bubble like the U.S.A. did. China should have learned from our mistakes on how the bankers took advantage of the people of the United States, but instead they didn't learn from our mistakes. Rising interest rates happen to fend off inflation. China's government had a bail out also. Inflation is just the increase of a nations money supply. Raising interest rates fights inflation because interst removes money from the system. Interest on debt is always deflationary to an economy.

As for this idiot's interview on Bloomberg. The bond market yield curve is on the rise. This is the beginning sign that the bond market is failing. When the bond market fails, all asset classes will be destroyed. There will be a re-pricing of every asset class. There will be no way to protect your wealth. The yield curve better return back to 09 levels, or we are all in deep doodo.

Greg_Cornish · Post by **Greg_Cornish** » Fri Jan 08, 2010 8:29 am

What can you expect from a country that can't spell it's own name? I took this photo, LOL

RichThiel · Post by **RichThiel** » Fri Jan 08, 2010 9:45 am

The US just applied a Duty Charge on all Chinese Plate, Tubular and roled Steel.

Are United States Steel (Stock Market "X") has shot up 20 points in the last month, over 60 on today stock exchange.

Vince E · Post by **Vince E** » Fri Jan 08, 2010 10:37 am

Let me get this straight. The guy in the wheelchair is mocking someone's speech impediment?

Is that allowed under the left's rules of PC?

Greg_Cornish · Post by **Greg_Cornish** » Fri Jan 08, 2010 11:03 am

Is that a speech impedimwent?

_____________________
WARNING

If you get an email entitled "Nude photo of Nancy Pelosi," don't open it....
It contains a nude photo of Nancy Pelosi.

Thank You.

Vince E · Post by **Vince E** » Fri Jan 08, 2010 11:43 am

If you get an email entitled "Nude photo of Nancy Pelosi," don't open it....
It contains a nude photo of Nancy Pelosi.

I don't care who you are, that s**ts funny right there.

While this is not related I wonder how Elmer Fudd ever rose to this position?

I would take that as evidence that regardless of a persons handicap, if they are willing to work hard and become really good at something they can succeed. Even without govt intervention to "level the playing field". No I'm just kidding.
Of course the reality is that if an economist is willing to regurgitate Keynesian neo-classical BS he will find a job in the propaganda dept. in some faction, hard work or not.