Finally a MSM guy that speaks the truth on paper-money !
I guess they won’t show this on CNBC in the US !

…. or will they ?

Just a coincidence, that the book called “T/A for Dummies” is written by a lady called Barbara Rockefeller !
No relation I guess !

http://www.amazon.co.uk/Technical-Analysis-Dummies-Lifestyles-Paperback/dp/0764540440/ref=sr_1_1?ie=UTF8&s=books&qid=1262249105&sr=1-1-spell

http://en.wikinews.org/wiki/Icelandic_government_passes_Icesave_deal;_%E2%82%AC12,000_debt_per_citizen?dpl_id=146677

Hope you save a place for me at the steel foundry were you will be sure to feel the “Global Warming” and pump some real steal Iron into that back of Iron press donuttis. but the food better be damn cheap and the steel factory close to moms home if Chinese wages are the general idea so I can cycle from moms home to work cause money for oil and a proper home I won’t have.

Yeah, man let’s get into the real deal Steal industry man! Or in farming like Jim Willie suggested? Who we gonna sell all the steel to anyways? GM government I guess so in fact the Taxpayers buying the steel for wheel.

I don’t think the Chinese Gov. has curved and stretched Chinas domestic demand fully yet. In fact not even half full it’s consumer demands capacity. And that is a shame but not unexpected. China is like a Mammoth Tanker but unfortunately Mammoths are an extinct species for quiet some time now.

In Shanghai, prices for high-end real estate were up 54% through September, to $500 per square foot. In November alone, housing prices in 70 major cities rose 5.7%, while housing starts nationwide rose a staggering 194%. The real estate rush is fueling fears of a bubble that could burst later in 2010, devastating homeowners, banks, developers, stock markets, and local governments.

What’s clear is that the bubble is inflating at the rich end, while little low- cost housing gets built for middle and low-income Chinese. Koyo Ozeki, an analyst at U.S. investment manager Pimco, estimates that only 10 percent of residential sales in China are for the mass market. Developers find the margins in high-end housing much fatter than returns from building ordinary homes.

How did this bubble get going? Low interest rates, official encouragement of bank lending, and then Beijing’s half-trillion- dollar stimulus plan all made funds readily available. City and provincial governments have been gladly cooperating with developers: Economists estimate that half of all local government revenue comes from selling state-owned land.

Chinese consumers, fearing inflation will return and outstrip the tiny interest they earn on their savings, have pursued property ever more aggressively. Companies in the chemical, steel, textile, and shoe industries have started up property divisions too: The chance of a quick return is much higher than in their primary business.

“No one talks about their factories making money these days.”

The worst scenario is that the central authorities let the party go on too long, then suddenly ramp up interest rates to stop the inflationary spiral. Without cheap credit, developers won’t be able to refinance their loans, consumers will no longer take out mortgages, local banks’ property portfolios will sour, and industrial companies that relied on real estate for a chunk of profits will suffer.

Pulling off a soft landing means slowly calming the markets, stabilizing prices, and building more affordable housing. Even real estate executives are getting nervous. Wang Shi, chairman of top developer China Vanke Co., has warned repeatedly in recent weeks about the risk of a bubble. In his most recent comments he expressed fear that the bubble might spread far beyond Beijing, Shanghai, and Shenzhen.

One difficulty in handicapping the likelihood of a nasty pullback is the opacity of the data. As long as property prices stay high, the balance sheets of the developers look strong. And no one knows for sure how much of the more than $1.3 trillion in last year’s bank loans funded real estate ventures.

Analysts figure a substantial portion of that sum went into property, much of it indirectly. Banks often lend to state-owned companies for industrial purposes. But the state companies can then divert the funds to their own real estate businesses or relend the money to an outside developer.

Meanwhile, the big banks may be cutting back on their real estate risk by selling loans to smaller local banks and credit co-ops.

For now, the party continues. On Dec. 12, Beijing developer Soho China Ltd. celebrated a record-breaking year with a gala at the China Central Place JW Marriott. Guests dined on crab and avocado timbale, white bean soup, and beef tenderloin with wild mushrooms. Soho declined to comment for this story. After a dance performance, a panel debated “The Balance Between Profit and Soul.” When a writer joked he could not afford an apartment — and was still waiting for Soho ChairmanPan Shiyi to give him one — the crowd of 600 well-heeled developers, entrepreneurs, and consultants laughed appreciatively. If the bubble bursts, few will be laughing.

BUBBLES AHOY!!!!
http://www.youtube.com/watch?v=jWNSTNwClQY

Chinese Pipe tariffs…
WHO CARES
http://imarketnews.com/node/6543

What comes this SPRING will REALLY set the bar (possible 99% tariff)

Listen…
There is nothing wrong with protectionism…
http://maxkeiser.ning.com/forum/topics/tariffs-the-smoot-hawley-fairy

in fact, for the USA, it could be a GOOD thing…
since it will give the impetus to restart the HIGH-QUALITY steel industry that the yanks USED to have…
BRING IT ON…

French Ring in 2010 With Deepest Champagne Discounts in Decade 30 December (Bloomberg) http://www.bloomberg.com/apps/news?pid=20601093&sid=a3JgVQ7T38cY