Their multi year budget surplus and subsequent crash was about 10 years ahead of ours.
Glad we learned from their mistakes…
Click here for larger graph
Daily Archives: August 18, 2011 @ 4:04 pm (Thursday)
Morgan Stanley, Deutsche Bank Cut Forecasts for China Growth
If these forecasts turn out to be correct it means a hard landing was avoided.
However, China’s stock market prices, anecdotal evidence on property prices, and commodity price performance is suggesting it could already be a lot worse than forecast.
Morgan Stanley, Deutsche Bank Cut Forecasts for China Growth
August 17 (Bloomberg) — Morgan Stanley (MS) and Deutsche Bank AG cut estimates for China’s economic growth as the debt burdens and elevated unemployment of developed nations threaten demand for exports.
Morgan Stanley cut a forecast for next year to 8.7 percent from 9 percent, in an e-mailed note today. Deutsche Bank lowered a prediction for this year to 8.9 percent from 9.1 percent, in a report yesterday.
Starbucks serves up the kool-aid
Starbucks Brews D.C. $$ Boycott
Starbucks claims it has rallied ‘hundreds’ of people in support of a call by its CEO to suspend campaign contributions to Congress and Obama until Washington produces a long-term deficit plan.