Monday, September 24, 2012
Ordering info was more positive, but (look at the chart on page two) unfilled orders are still dropping. Finished goods inventories dropped this month after rising last month, which offers hope for the future perhaps. Orders trajectories have now been negative for three months, which is slowly converting the employment index toward stagnation. I have considerable hope that this region will grow through a recession, even if at a quite slow pace.
That's what really worries me about the current situation. We've managed to invent a brand new way for kings to be self-funding. Forget oil money--the government can fund itself by issuing money, so long as the magnitude of population trends down,so as to promote generational deflation!
At this point, I think we should be happy to get out of this without another major global armed conflict.
We just need to promote more global air travel by sending China more of our dollars in exchange for their cheap goods. Win win!
September 25, 2012
China's first aircraft carrier enters service
The delivery of the aircraft carrier comes at a time when Japan and other countries in the region have expressed concern at China's growing naval strength.
Taiwan is getting jealous and supposedly a bunch of Taiwanese ships headed over to these rocks.
Mark, sometimes your sense of humor tends toward the dark side????
Sometimes? All the time! Without gallows humor I'd be a basket case (or more of a basket case anyway, lol).
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