Replies to post #3109 on The Rising Influence of Rising Affluence

[DewDiligence]

The 8-minute video with VALE’s CFO in http://www.ft.com/cms/s/0/9e4cc704-a7fb-11e0-afc2-00144feabdc0.html is a good counterpoint to the article about China’s allegedly dangerous overbuilding.

[DewDiligence]

I think China is like a giant Enronesque Black Box. You can never understand their financial situation bc they will just make up whatever numbers they want.

This is indeed hazard for investors, which is why it helps to examine GDP forecasts from several sources, as in #msg-70959130. Also see #msg-70746353 re unreported household data.