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China New Export New Orders Decline At Fastest Pace in 42 Months

wwint3 Wrote: Sep 30, 2012 10:40 AM

"The transition to a consumer-led economy from an export and infrastructure-building economy will be slow and painful, but also very necessary." Twenty years from now we will be thankful for government provided housing (dorms) and a 6.2845 yuan per hour job producing trinkets for Chinese consumers. Will we still call it progress?

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PhillupSpace2 Wrote: Sep 30, 2012 4:23 PM

Due to Congresses protectionist laws around 1932 exports were reduced by almost half, leaving us with only the consumer led and infrastructure-building economy from the previous, prosperous export economy of the roaring 20s. Yes it was painful and history has recorded just how well that worked out for us! When we are left with only ourselves as customers it will truly be painful.

The way to fix our systemic problems, problems resulting from kicking the can and buying into the politicians euphoria WILL BE PAINFUL. Therefore,if Romney proposes to correct even a few of these problems, someones Government check will get Painfully smaller.

On the other hand, Obama promises to kick the can into another generation, sparing you the problem!

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PhillupSpace2 Wrote: Sep 30, 2012 4:27 PM

So, guess who goin ta git dem votes? Call me on your Obamaphone and gimme da answer.

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China New Export New Orders Decline At Fastest Pace in 42 Months

HSBC China Manufacturing PMI™ shows Output falls at fastest pace since March.

Key points

New export orders fall at fastest rate in 42 months

Output and input prices continue to fall

Purchasing activity declines amid weak demand and lower production requirements

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