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My comments are valid in 2018, more so than ever. China has a politically controlled economy, a politically controlled currency, no real or objective accountin
by sonnyblarney 8y ago
My comments are valid in 2018, more so than ever.
China has a politically controlled economy, a politically controlled currency, no real or objective accounting standards, a politicized legal system, very high degrees of corruption, capital controls, massive state intervention in financial and other sectors, and a centrally planned economic orientation wherein especially banks take their marching orders from a single source.
So 'dude' , this is a fiction that does not exist even in 'Trump's America'.
American economic figures are open enough that they can be externally validated, and if you 'don't believe them' - you can happily bet against the 'fiction' on the open markets. Yes - the Fed's action does amount to a kind of intervention, but even then we know mostly what they are doing. It's not a fiction, more than it is a calculation.