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Thursday, 27 June 2013

CHINA FACES MASSIVE CREDIT CRUNCH

CHINA FACES MASSIVE CREDIT CRUNCH

There is a an old sea-faring adage, that to this day, fishermen stake their lives and reputations on: "when the birds begin flying back to shore, it is time to race back to the safest and closest port, with all due haste." Well, not exactly those words.


Wisdom of the sea prevails...


Recently, markets in New York and around the world began to reflect some nervousness about Chinese credit conditions. All we can say, - it's about time! Just a few months back, we asserted our grave concerns about the highly probable "Mother of all Credit Crunches" set to occur in the Chinese Banking System and the ripple effects it would have on the global financial system. While we were not alone in raising this red flag, it behooves us to reprint our original posts (...and toot our horns a bit) with links to supporting articles and analysis. Nothing has come to light that convinces us that our opinions and judgements should change.

We highly recommend you take the time to read these articles, as the near term consequences are vast, deep and disconcerting; particularly when corruption runs amok, setting the stage for what is possibly an ENRON National Economic Collapse. Again, built on ghostly financial tales

So you can see why it is so important to watch the birds.What is it about fish lore?

First Financial Insights
June 27, 2013

Reprinted from Investors'Insights, March 10, 2013


Feeding the Dragon: Why China's Credit System Looks Vulnerable click above THE BIG MAMA OF ALL CREDIT CRUNCHES This article refle...

Gotta feeling that when economic and market pullback ultimately occurs, a lot of folks will be caught swimming naked. Key words like transparency, accountability, corruption, excess leverage, and oppression are amoung those words that resonate strongly in our analysis - smoke generally leads to a fire.

At the same time, throwing BIG MAMA off this runaway train is next to impossible. So we believe when it hits the bottom - the collision will be devastating, prolonged and deep. Something will have to change.

First Financial Insights
March 10, 2013


That's Some Credit Crunch Coming



Many say it ain't over until the... well, you probably know the rest of that famous baseball quote. Investors' Insights' Link to my article and supoorting article, record that we are again on the money (sic) with our market and economic calls, so far, this year. That comes from thinking and investing different. And seeing through the positive-sum abstractions of traditional economics, by emphasising how physics better describes the negative-sum finite game of Realonomics. Dealing with reality; NOT old fairytales.

Now let me toot my little horn a bit too!

Dr Peter G Kinesa
June 27, 2013

Toot! Toot! Toot!...




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