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Paul Mason Blog. Governments Tackle Unsustainable Global Trends


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Now those who try to measure the real Chinese economy are very worried: official growth is down to 6.9 per cent. Beijing denies that numbers are being inflated, but some estimate that real growth may be as little as 2/3 1/4 of that and that it could go on falling .....

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Tweeted with a 40 year nominal chart of FTSE. Cant take him seriously after that Im afraid.

Shame coz his reporting during greek crisis was excellent but his reporting on "China" and "Oil" is one-sided Cassandra nonsense.

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I thought that was a very good piece by Paul Mason. Far better than the myopic nonsense you get on the BBC.

(Indeed, I'm just waiting for the BBC News to come up with: 'XX Trillion wiped off share prices, but thankfully property prices are still going up, because you're money's always safe in houses...')

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Tweeted with a 40 year nominal chart of FTSE. Cant take him seriously after that Im afraid.

Shame coz his reporting during greek crisis was excellent but his reporting on "China" and "Oil" is one-sided Cassandra nonsense.

Makes not one whit of difference. Anything around 8000 (inflation adjusted) is clearly a top.

A return to the trend exhibited pre-2008 looks extremely unlikely.

https://protonsforbreakfast.wordpress.com/2015/08/31/trends-in-the-ftse-100-updated/

ftse100-1984-to-2015-daily-inflation-adj

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Tweeted with a 40 year nominal chart of FTSE. Cant take him seriously after that Im afraid.

Shame coz his reporting during greek crisis was excellent but his reporting on "China" and "Oil" is one-sided Cassandra nonsense.

Why?

Don't remember seeing other charts rebased to account for inflation when using other metrics eg MA's, RSI, Fibs etc etc..

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Ultimately all the BRICs – China, India, Brazil etc – are running into the so-called “middle income trap”: the inability of countries on a journey from agriculture to modern industry and services to break through into developed-world status, because they lack the institutions to eradicate corruption, vested interests and other roadblocks to development, like the lack of a welfare state or slave labour conditions in factories.

My bold.

Apart from the welfare bit you might have thought he was referring to the UK as well. The Con of the LibLabCon are working on the welfare part of course.

Edited by billybong
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