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HomeVery Entertaining
Posted by Larry Doyle on March 13, 2009 10:35 AM |
If I go to a comedian, I look to be entertained. I do not look for piercing insights on global issues. Alternately, when I want cogent financial analysis I don’t go to an entertainer. The following photo and captions from the New York Post are self-explanatory:
If you want to review a topic which is less entertaining, but much more critically important in navigating the economic landscape, let’s take a quick look at how the Chinese export engine is humming. Uh-oh!! Chinese exports in February dropped almost 26% from a year earlier. That decline displays an acceleration in the 17% drop experienced in January. Thank you John Mauldin, one of our Economic All-Stars (left sidebar), for providing us this less than entertaining but extremely insightful perspective, China: Exports Drop.
LD
Great report on the situation in China. As I read it I wondered if China will ever come to the idea of paying ther workers enough to creat a domestic market. Invest some capital in their own people.
No doubt. Chinese domestic consumption has to occur in order for the global economy to grow.
Slowly but surely I do think that will happen, although not as quickly as American exporters and other exporters would want.