Article

2011-05-31

Posted by Fred 2011-05-31 00:00|| || Front Page|| [1 views ] Top

#1 Re: the ghost city in China.

Basically, the local CP bigwigs dream up these projects then force the banks to lend to them.

The developer, contractors all make money and the CP types take a cut all the way down the line.

All funded by the Chinese saver.

The banks pay way under the inflation rate to savings accounts, which means people try and put their savings into tangible assets. Often buying into these kinds of development projects.

Thus reinforcing the cycle.

It will of course end very badly, the question is when?

Posted by phil_b 2011-05-31 03:16|| 2011-05-31 03:16|| Front Page Top

#2 Must be looking at Fred's new server.

Posted by CrazyFool 2011-05-31 06:32|| 2011-05-31 06:32|| Front Page Top

#3 Now that Fred has his new toy, can we get back to the really important stuff?

You know the "why we fight" posters and such.

Okay, nimrods, I am talking about pictures of gorgeous women exposing their legs...

Enough with the new server, its a box on the floor that flashes, whizzes and purrs...there is no long term opportunities for a meaningful relationship with a box full of microprocessors, disk drives and magic potions.

Posted by Bill Clinton 2011-05-31 10:22|| 2011-05-31 10:22|| Front Page Top

#4 "there is no long term opportunities for a meaningful relationship with a box full of microprocessors, disk drives and magic potions"

I suspect there's also no long- or short-term opportunity for a meaningful relationship with the "gorgeous women [in those photos] exposing their legs" either, Bill - as least for you. ;-p

Posted by Barbara Skolaut 2011-05-31 13:52|| 2011-05-31 13:52|| Front Page Top

#5 Can't a man drool in the privacy of his own cubicle?

Posted by Ebbang Uluque6305 2011-05-31 15:53|| 2011-05-31 15:53|| Front Page Top

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