Monday, January 14, 2019
China's imports not 5% up but 7.6% down music to my ears
Why might this be music to my ears but in a minor key?
Number one it is a so called surprise to the stupid West.
Number two, when a country which can import substitute is able to do so, it can screw you as much or more in a downturn than in a flat or up phase.
China is probably import substituting its ass off, having stolen, partnered, been gifted, or licensed virtually all technology now in existence it needs.
Natural resources imports is the big Achilles heel, but it secured most of those years ago in quantities the West could only dream about.
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