Monday, July 20, 2009

Huge gains again in China and Hong Kong today



Mainland China and Hong Kong continue to lead the way for global equities thanks to China's continued stimulus and government spending. I called this rise back in a blog post in March (read here).

1 comment:

googleheim said...

ECONOMIC MYTHS AND FACTS: PART 2

MIKE

I THINK YOU SHOULD CREATE A PAGE THAT DEBUNKS ANYONE WHO USES A VARIANT OF THE "TAX PAYER ON THE HOOK"

LATEST CULPRIT :

DAVID BROOKS, NY TIMES COLUMNIST

- SAYS THAT $787 BILLION IN SPENDING IS A FISCAL EXPLOSION THAT IS BORROWED MONEY

- DOES NOT UNDERSTAND HOW MONETARY SYSTEM WORKS SINCE THE MONEY DISAPPEARED FIRST FROM THE SYSTEM BASED ON ASSET EVAULATION BEING EVAPORATED LAST YEAR, GOVERNMENT HAS TO RE-FILL THE STADIUM WITH DIRT OR FACE IMPLOSION OF ECONOMY.

- POINTS OUT THE OBVIOUS BUT FOR A DOGMA > THAT THE DEFICIT IS GOING TO HURT SOMEONE WHEN IN FACT IT WILL ALLOW MORE BABIES TO BE BORN, MORE HOSPITALS TO RUN FUNCTIONALLY, AND THE GENERAL ECONOMY TO CONTINUE

- DOES NOT KNOW THAT I = S, INVESTMENT IS A FUNCTION OF SPENDING WITH AN "S" AND NOT "SAVING" WITH AN "S" ON THE PART OF THE GOVERNMENT WHICH DOES NOT NEED TO "SAVE"

- SHOULD BE HOSED DOWN WITH CASTOR OIL ALONG WITH JACK BAURUDIJIAN ON BIZ RADIO

..OVER AND OUT..

July 21, 2009 9:30 AM


googleheim said...
based on hegelian logic the dialectic should present some info:

IF "TAX PAYER ON THE HOOK" WAS TRUE THEN ALL WE NEED TO DO TO BALANCE A BUDGET IS TO CRASH THE MARKET, SINCE THE OPPOSING FUNCTION IS THAT BORROWED MONEY CREATES A BAD DEFICIT.

BERNANKE HAS THE TOOLS TO MOP UP INFLATION AND TAKE LIQUIDITY OUT OF THE SYSTEM.

ALL ELSE IS DOGMA AND BS.

LET THE STIMULUS FLOW !!!