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Coverage has taken a negative turn because events have taken a negative turn. Growth is weakening. Shares have fallen sharply. Exports are down. And they're doi
by ascorbic 11y ago
Coverage has taken a negative turn because events have taken a negative turn. Growth is weakening. Shares have fallen sharply. Exports are down. And they're doing things like this.
- Mikeb85 11y agoIt's funny, I see this all the time in the media. Yet observers whose opinions I trust far more, have differing thoughts. http://www.goldmansachs.com/our-thinking/macroeconomic-insights/growth-of-china/ http://www.goldmansachs.com/our-thinking/macroeconomic-insig... And of course, China's stock exchange is holding steady now, around their long term growth average. It was overvalued before, now it's corrected, and definitely hasn't crashed.
- zipwitch 11y agoroflmao Goldman Sachs lies to people who pay them millions, and you think that anything they publish for free is reliable? http://www.rollingstone.com/politics/pictures/how-goldman-execs-screwed-their-clients-and-lied-to-congress-20110511 http://www.rollingstone.com/politics/pictures/how-goldman-ex... Any report from Goldman Sachs is designed to advance Goldman Sachs' interests. Any resemblance to reality it might hold is sheer coincidence.
- Mikeb85 11y agoA 2011 article from Rolling Stone proves what? Furthermore, it's not particularly well written or objective. The point is, they're pretty spot on when it comes to forecasting. More so than pretty much any media outlet. If they say China isn't going to descend into Mad Max style anarchy in the next decade, I believe them.