tag:blogger.com,1999:blog-2335748440449035592.post4476825527242624958..comments2008-12-11T18:46:48.265-05:00TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-2335748440449035592.post-26782635946686143352008-12-11T18:46:00.000-05:002008-12-11T18:46:00.000-05:00Hi PJ<BR/><BR/>I also agree with many of those points. While I think the US willfully manages government numbers, I would say that any GDP measure is a farce in any country. I worked in public companies most of my life. The standards of measurement in $500M or $5 Billion size companies are pathetic. Do you think a measure of a country is accurate? It's mostly guesswork. The amount of data swimming in the US is many times what is in China. So when they say 10% GDP growth, how do we know? How do THEY know? How do you aggregrate all those tiny factories.<BR/><BR/>The reality is to read stories that come from the ground - I posted a few on China this weekend. It does not point a rosy situation. But when they rebound it will be more true, and their government doesn't have to wait for a inane Congress. That's one benefit of their socialism versus ours. <BR/><BR/>I'm not as bearish as that guy, I'll just say the weakness in China is going to be one of 2009 Outlier Events. The pundits are all talking recovery and soon...TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-35805106716163256052008-12-11T17:13:00.000-05:002008-12-11T17:13:00.000-05:00Mark re China's outlook please have a look at this link - intriguing and I have not read it elsewhere: http://saxomacro.blogspot.com/2008/12/china-china-pants-of-fire.htmlpostpone.judgementhttp://www.blogger.com/profile/03551208774621541386noreply@blogger.com