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Saturday, December 13, 2008

Numbers that dont go where you want, part Eleventy Billion

China's exports fall for the first time in 7 years, down 2.2% on a year earlier. Perhaps more amazing is that this is worse than what the government was expecting. China's economics statistics have a reputation for being given a sensual Asian massage before publication, since you know, China is still a communocapitalist dictatorship sort of. Its all about the social stability, and icky politically sensitive export numbers are not conducive to that, no sir!

So, like every government everywhere, China's will be expected to "do something", which of course means holding the yuan down and giving state aid to exporters, so they can keep selling Americans shit they still cant afford anyway, and Long Beach will sink under the weight of unclaimed Happy Meal toys, the end.

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