Mish Shedlock is out with a blog that strings together several threads from vacant amusement park developments to collapsing residential prices in major cities. He discusses the impact on world commodity prices of a bursting property bubble but what he doesn’t get into is why there was a property bubble. Some of it was the […]

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That’s the headline out from Senator Levin, chair of the Senate Armed Services Committee. From his report: An investigation by the Senate Armed Services Committee, which Sen. Levin chairs, found nearly 2,000 examples of counterfeit electronic parts in the military supply chain. Most of those parts appear to come from China, where a brazenly open […]

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Janet Tavikoli: Timing China’s Financial Meltdown

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Bloomberg is out with a report on a Pentagon investigation of fake parts on US military aircraft. See China Counterfeit Parts in U.S. Military Boeing, L3 Aircraft. Lets just look at a couple quotes – unfortunately several paragraphs apart: China supports the fight against counterfeit goods, Chinese Foreign Ministry spokesman Hong Lei said at a […]

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The Wall Street Journal is out with a story about the property bubble starting to burst in Shanghai, China. See Shanghai Homeowners Smash Showroom in Protest Over Falling Prices. This is part of a bigger problem. As a country it does not provide a social safety net (as in, if you show up to a […]

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Reuters is out with quotes from Chinese ministers, think US Cabinet-level politicians, strongly denouncing yesterday’s US Senate move to begin hearings on China’s trade manipulation through China’s currency peg. Thus I am reminded of the Shakespeare play line above. Where as the ministers say this will be bad for the US what they’re really saying […]

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General’s son crashes into wall of outrage (Reuters) The cute, buried comment, is the kid was driving using fake license plates implying high level status let alone that he was not old enough to have a driving permit.

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Reuters is out today with a report where Chinese officials are criticizing the US against potential trade protection measures proposed by Senate majority leader Harry Reid. This would be funny if it wasn’t so serious. China has numerous, active local protections against trade INTO China. They want to keep the playing field un-leveled in their […]

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What’s it mean when the richest in a country has as their number one desire is to leave their home country? I wonder how this AP article is getting played, if even seen, in China? Chinese millionaire Su builds skyscrapers in Beijing and is one of the people powering China’s economy on its path to […]

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The Globe and Mail of Canada are reporting that with the new government of Libya taking Tripoli they have found documents presenting proposed arm sales from state-owned companies of China to the now deposed dictator of Libya, Moammar Gadhafi. As the Globe reports: China offered huge stockpiles of weapons to Colonel Moammar Gadhafi during the […]

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