$98 per barrel oil

"Montblack" wrote in
:

("kontiki" wrote)
One word: China

More words:

It's 1907 and Europe doesn't quite have a handle on the scope of what's
happening in the (industrial) U.S.

It's 2007 and the U.S. doesn't quite have a handle on the scope of what's
happening in (industrial) China.

So illuminate. What exactly is the scope of what's happening in (industrial)
China?

Judah wrote:
"Montblack" wrote in
:

("kontiki" wrote)
One word: China

More words:

It's 1907 and Europe doesn't quite have a handle on the scope of what's
happening in the (industrial) U.S.

It's 2007 and the U.S. doesn't quite have a handle on the scope of what's
happening in (industrial) China.

So illuminate. What exactly is the scope of what's happening in (industrial)
China?

Well for starters, the government run banks are cutting back on providing
funding to companies selling things at a loss.

As a result nonperforming loans as a percentage of outstanding loans
are down to 35% from the 50% of a year or so ago.

The total amount of nonperforming loans has been estimated to be as
high as approximetly $1 trillion.

Expect higher costs for Chinese goods as borrowers are expected to
make profits and repay their loans in the future.

Either that, or the whole Chinese economy is going to implode on bad
debt that exceeds the GNP.

--
Jim Pennino

Remove .spam.sux to reply.

wrote in :

So illuminate. What exactly is the scope of what's happening in
(industrial) China?

Well for starters, the government run banks are cutting back on
providing funding to companies selling things at a loss.

As a result nonperforming loans as a percentage of outstanding loans
are down to 35% from the 50% of a year or so ago.

The total amount of nonperforming loans has been estimated to be as
high as approximetly $1 trillion.

Expect higher costs for Chinese goods as borrowers are expected to
make profits and repay their loans in the future.

Either that, or the whole Chinese economy is going to implode on bad
debt that exceeds the GNP.

What does the 21st century equivalent of the dot-com bust have to do with the
price of tea in... well... China?

Judah wrote:
wrote in :

So illuminate. What exactly is the scope of what's happening in
(industrial) China?

Well for starters, the government run banks are cutting back on
providing funding to companies selling things at a loss.

As a result nonperforming loans as a percentage of outstanding loans
are down to 35% from the 50% of a year or so ago.

The total amount of nonperforming loans has been estimated to be as
high as approximetly $1 trillion.

Expect higher costs for Chinese goods as borrowers are expected to
make profits and repay their loans in the future.

Either that, or the whole Chinese economy is going to implode on bad
debt that exceeds the GNP.

What does the 21st century equivalent of the dot-com bust have to do with the
price of tea in... well... China?

The first line, your original question, i.e. "What exactly is the scope
of what's happening in (industrial) China?"

--
Jim Pennino

Remove .spam.sux to reply.

wrote:
The total amount of nonperforming loans has been estimated to be as
high as approximetly $1 trillion.


As of this afternoon, our debt exceeded $9 trillion.......

ManhattanMan wrote:
wrote:
The total amount of nonperforming loans has been estimated to be as
high as approximetly $1 trillion.


As of this afternoon, our debt exceeded $9 trillion.......

Apples and oranges.


--
Jim Pennino

Remove .spam.sux to reply.

"ManhattanMan" wrote in news:OQPYi.1979$rN1.919
@newsfe18.lga:

wrote:
The total amount of nonperforming loans has been estimated to be as
high as approximetly $1 trillion.


As of this afternoon, our debt exceeded $9 trillion.......

Your owe $9 trillion?

Holy cow! How are you going to ever pay that back?

Judah writes:

Holy cow! How are you going to ever pay that back?

That's an unanswered question right now.

Mxsmanic wrote in
:

Judah writes:

Holy cow! How are you going to ever pay that back?

That's an unanswered question right now.


Way to contribute there luser boi.

Bertie

wrote in message
...
Judah wrote:
"Montblack" wrote in
:

("kontiki" wrote)
One word: China

More words:

It's 1907 and Europe doesn't quite have a handle on the scope of
what's
happening in the (industrial) U.S.

It's 2007 and the U.S. doesn't quite have a handle on the scope of
what's
happening in (industrial) China.

So illuminate. What exactly is the scope of what's happening in
(industrial)
China?

Well for starters, the government run banks are cutting back on providing
funding to companies selling things at a loss.

As a result nonperforming loans as a percentage of outstanding loans
are down to 35% from the 50% of a year or so ago.

The total amount of nonperforming loans has been estimated to be as
high as approximetly $1 trillion.

Expect higher costs for Chinese goods as borrowers are expected to
make profits and repay their loans in the future.

Either that, or the whole Chinese economy is going to implode on bad
debt that exceeds the GNP.


Well, some good news comes out of this thread.