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overtheedge
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Why Are We Still Paying Attention To Chinese Numbers? - John Rubino - Dollar Collapse

"China is big, yes, but it lacks the rule of law and stable institutions of a world power. And it seems not to understand markets, which should terrify everyone who hopes to avoid a global melt-down."

Yah, so what!
All they are doing is following the USA, EU, Japan, Great Brittan and and the rest of the world down the same road.
There is no stopping a person, corporation or country dead set on a get rich quick scheme.

However, you are right. Why pay attention to politicians, central bank lackeys and bureaucrats whether Chinese, American or other.
All of them are so crooked that they have to screw their socks on.
But they are just a microcosm of those they claim to serve.

Commented 3165 days ago

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Beginning of the headline :A few years ago, economist Nouriel Roubini was explaining to a reporter why Chinese economic data couldn't be trusted. He noted that it takes the US weeks and sometimes months to pull together and process the information necessary to produce a complex stat like GDP, and wondered how China, with its far bigger, less developed (and therefore harder to measure) population was able to do it in considerably less time. He concluded that they're just making up their numbers. Since then, a g... Read More

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