Sunday, October 25, 2009

China's Economic Growth Is Smoking Hot

Now obviously we continually question the data coming out of China. For God's sake, the country is run by communists. China's economic growth is coming in very hot. Is the number real? Well, there are two ways to look at this. One, China's ministry of propaganda is cleansing the data because in a communist state, power and control must be projected both internally and externally. Fear and terror is the source of the state's power. Without terror, does anyone really believe a one million man army could take away God-given dignity and basic rights of 1.3 billion people? On the other hand, we see China has deployed the greatest known stimulus plan in history and is extending credit at a dizzying pace never before seen. So, could the economy be growing at 9%? Sure it could. In the end, does it really matter? How much more bad can bad get?
posted by TimingLogic at 5:32 AM