It originally began as an email to Robert Wenzel and was later flushed out into a proper article based on conversations I’ve had with KY Leong and Mark DeWeaver.
So with apologies to Mish (whom I called out earlier), my bullishness was incorrect. I should also point out that Lew called this stupendous bubble many months ago.
With any luck, other, more media-savvy libertarians (two in particular) will also stop trying to peddle Sino-based indices to potential clients. China is not the US in 1909.
Bubble, what bubble?
One example that I highlight in the footnotes: stocks have risen 79% in Shanghai (since January) and took a 5% nose-dive two days ago when there were rumors that policy makers will “curb inflows” — to cool off the officially recognized bubble. Who knows when it will officially peak, so buyer beware…
Other bearish articles of interest:
- Notes on a real estate trip in China (Pettis)
- RMB 15 trillion in new Chinese lending, can we turn this thing off (Pettis)
- China: Bogus Boom? (AEI)
- Beijing Borrows $8.8 Billion for Financial District (Bloomberg)
- Murky world of local finance exposes holes in China’s stimulus programme (Dragon Beat)
- The Four Cheapest Plays in Emerging Markets (Barron’s)
- China warns banks over asset bubbles (Financial Times)
Here is a recent story about it.
If you are looking for a new site to help tweak your computing experience, be sure to look How to Geek, run by an amigo of mine.
]]>- Software-to-silicon verification @ 45 nm and beyond (EE Times)
- Next-generation semiconductor functional verification challenges (EE Times)
- Parasitic extraction: 3D or not 3D, that is the question (EE Times)
- Analysis: Intel slowly gears up for system-on-chips (EE Times)
- NIST advances quantum computing (EE Times)
- Memory to rise to 3-D challenges (EE Times)
- Near-lightspeed nano spacecraft might be close (MSNBC)
- First Drug Shown to Extend Life Span in Mammals (Technology Review)
- Getting More out of Crude (Technology Review)
- Nanoarches advance nanotechnology’s tool box (Nanowerk)
- Salamanders, regenerative wonders, heal like mammals, people (University of Florida)
- Laser-created temporal lens could lead to movies of molecular processes (University of Nebraska)
- Darpa’s Handheld Nuclear Fusion Reactor (Wired)
- Researchers find possible environmental causes for Alzheimer’s, diabetes (PhysOrg)
- 110th Carnival of Space (Kentucky Space)
- New Rice Plant Could Ease Threat Of Hunger For The Poor (Agriculture Business Week)
- Carbon Nanotube Quantum Dot Terahertz Detectors and On-Chip High Resolution near-field terahertz detector (Next Big Future)
- Erythropoietin improves operant conditioning and stability of cognitive performance in mice (BMC Biology)
- Nanopillars Promise Cheap, Efficient, Flexible Solar Cells (Berkeley Lab)
- Temporal lenses for attosecond and femtosecond electron pulses (PNAS)
- Caloric Restriction Slows Aging in Monkeys (Technology Review)
- A New Look At How Proteins Assemble And Organize Themselves Into Complex Patterns (ScienceDaily)
- Why Might China And India Want To Strengthen National Intellectual Property Policy? (TechDirt)
- Smartphoniacs: Addicts of the Information Age (WSJ)
- Pink Silicon Is the New Black (Technology Review)
- The Last Cautionary Broadband Mapping Tale Before $350 Million Is Wasted (Public Knowledge)
- The plant that pretends to be ill (BBC)
- Aphids defend themselves with chemical bombs (Not Exactly Rocket Science)
- Spiders gather in groups to impersonate ants (Not Exactly Rocket Science)
- How Printers can Breach our Privacy: Acoustic Side-Channel Attacks on Printers (UoS – Information Security)
- The World is Flat, by Thomas Friedman (pdf)
Wiki entries: Kulak :: List of Ecumenical council’s
]]>