tag:blogger.com,1999:blog-7219398746525753323.post8119061554810728435..comments2023-03-23T19:17:20.951-07:00Comments on The Observer Watches: Review of "Enjoy the Decline" by Aaron Clarey.The Observerhttp://www.blogger.com/profile/04346786263027033729noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-7219398746525753323.post-28045204153508843712013-03-15T18:20:44.185-07:002013-03-15T18:20:44.185-07:00I have no great hopes for China. China has been ca...I have no great hopes for China. China has been caught by Bloomberg and Goldman Sachs cooking their economic books, shifting goods from one region to the next to artificially inflate GDP.<br /><br />Cogitans has done a short piece on why he believes China has already peaked:<br /><br />http://cogitansiuvenis.blogspot.sg/2013/03/four-reasons-why-i-dont-think-china-is_11.html<br /><br />Japan is already well into QE10+ and their debt to GDP ratio is 200+%. Not much hope.<br /><br />Combined with all the other shit that's going on in the world right now with stuff like the weather and pestilence, I am doing my best to prepare, even if it means stocking up on plenty of Fairprice canned pineapple.The Observerhttps://www.blogger.com/profile/04346786263027033729noreply@blogger.comtag:blogger.com,1999:blog-7219398746525753323.post-49845649553653050362013-03-15T10:56:04.702-07:002013-03-15T10:56:04.702-07:00It's quite easy to see that the US and EU are ...It's quite easy to see that the US and EU are declining and likely to collapse soon, but the Asian nations are likely to be impacted on a smaller scale. Our productivity and GDP growth will slow down dramatically, but I doubt we ll collapse (but who knows, given that China is building massive ghost cities to artificially inflate GDP, it's almost reminiscent of the housing bubble) but if the decline gives way to collapse, the whole world will suffer an unprecedented depression and everyone will pay the price. Hard. Worst case global riots and destruction lead to banana dictators put in place of democracy. <br /><br /><br />Dark days indeed.Anonymoushttps://www.blogger.com/profile/14168059350570206901noreply@blogger.com