A nice time for a Bear Article ;-)

[wayneL]

Enjoy! :batman:

http://baltimorechronicle.com/2006/021306Roberts.shtml

Nuking the Economy
Forget Iran””Americans Should be Hysterical About This
By Paul Craig Roberts

Last week the Bureau of Labor Statistics re-benchmarked the payroll jobs data back to 2000. Thanks to Charles McMillion of MBG Information Services, I have the adjusted data from January 2001 through January 2006. If you are worried about terrorists, you don’t know what worry is............

 

[wayneL]

...and while we're on a roll:

China economic correction imminent, growth to slip to 5 pct within a yr - CLSA

http://www.iii.co.uk/news/?type=afxnews&articleid=5643244&subject=economic&action=article

SHANGHAI (AFX) - Low profitability among Chinese manufacturers points to an economic slowdown in China within a year, possibly cutting the annual gross domestic product (GDP) growth to about 5 pct from 10 pct currently, CLSA chief economist Jim Walker said.

Speaking at the investment bank's annual China forum, Walker said: "In our view over the next year economic growth in China is going to come down from around 10 pct to about five."

Walker said that this would be a healthy correction as industries consolidate and unprofitable businesses cease to exist. "In the country as a whole companies need to consolidate so that profitability can be restored," he said.

He said that the correction would last for about six quarters.

Walker noted that the margin squeeze, which was in large part driven by high commodity prices, was evident in falling profitability of companies.

Profits among China's A-share firms slipped 18 pct year-on-year in the fourth quarter of 2005, while industrial enterprises' profits were growing only at 3.5 pct year-on-year and there was a growing gap between input and output prices as manufacturers are unable to pass on commodity prices, he noted.

"The bottom line is that Chinese manufacturing and the Chinese economy is today much more vulnerable than it has been for basically the last five years," Walker said.

 

[ctp6360]

well you're just a little ray of sunshine arn't you wayneL, I don't think I could be a "bear" spreading negativity all the time, although I guess its positive for you! thanks for the articles

 

[wayneL]

well you're just a little ray of sunshine arn't you wayneL, I don't think I could be a "bear" spreading negativity all the time, although I guess its positive for you! thanks for the articles

hehehehe I have to make hay while the sun shines ct.

But, just to clarify. I am a bear so I can be a bull.

In the late nineties I was a fanatical Bull on property. I am looking forward to those days again

I am also a bear for sociological reasons. This bull market stuff has really changed people in a not very pleasant way. A good recession sorts people out a bit and restores a measure of balance in society.

Hope you understand.

Cheers