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5/25/2012

Horror! China’s economy slowing down



The World Bank has issued a warning to stupid Asian countries that China’s economy is slowing down. What it is saying is that these economies would be dragged down because China’s economy is going down. China is going to be in deep trouble and will hurt other Asian economies as well.

Now, would the shitty economies that are going bankrupt one by one in Europe be hurting the Asian countries? Definitely not. Even when the US barely achieved a 1-2% growth would not hurt the Asian economies.

Okay, China’s is going to have a hard landing as they prayed. They have been praying and hoping that China’s economy will collapse and their wish is coming true. How hard is this hard landing, and how bad is the slow down? The official report of the World Bank cuts China’s growth from 8.4% to 8.2%! Oh my God, what a pathetic figure of growth numbers. Only 8.2% growth! This is disastrous. What a badly managed economy, such miserable growth.

Now which country in the world is going to chalk more than a 5% growth? Any country out there? You mean there is no other country out there that can achieve a 5% growth rate and China’s 8.2% growth is so bad that the World Bank needs to issue a warning?

What kind of joke is this? Any country that can attain a 4 or 5% growth number will likely be trumpeting to the world on how well it has performed. 8.2% is not good enough, is bad? Yawn.

5 comments:

Matilah_Singapura said...

Cuntrees which do not have huge amounts of sovereign debt, and are able to produce are going to weather economic downturns alot better than the others who have been fiscally irresponsible.

There is little doubt that China's export-basedeconomy is going to contract -- most of her big customers are fast approaching insolvency...a few are kaput already.

The name of the game is CAPITALISM and rests solely on the concept of CAPITAL -- China, and many Asian cuntrees are capital exporters to the borrow-and-spend so-called "rich" western democracies.

Slow down in China? Sure. Hard landing for credit-bubble assets? Sure, perhaps. But, SO WHAT? They have enormous amounts of CAPITAL, which means there will be some pain, but they will emerge stronger than the shit-bags of broke and lazy, credit-addicted Euro-trash welfare-mentality motherfuckers.

A man after my own heart, Jim Rogers

Anonymous said...

redbean,

For a moment I thought you said Hurray !

Chua Chin Leng aka redbean said...

Haha, all the doomsayers and anti China no hopers would be shouting that, and will be cheering and opening up their champagne bottles.

Chua Chin Leng aka redbean said...

The hard truth is that our finance top dogs did not have a clue of what is going on. They allowed toxic products to be sold just because the snake oil sellers were allowed to sell them in their countries.
They allowed computers to be plugged into the stock market system to access other buyers and sellers and take position on a sure win basis against the small and ignorant investors. Such unfair practices are institutionalised because snake oil sellers said it is being done and the new way to go.
They allowed banks to write and print their own monies through derivatives that will destroy the value of stocks and shares. The final casualty will be the stock market and financial system and their own jobs.
And they claim caveat emptor as self defence.
What a bunch of idiots.

patriot said...

IDIOTS! Indeed.

patriot