Laurence Hunt's Blog: Unstable, Unbalanced, Uncoordinated, and Unsustainable

Monday, March 19, 2007

Unstable, Unbalanced, Uncoordinated, and Unsustainable

19 March 2007

Stephen Roach of Morgan Stanley is on a roll. He is paying attention to a story that we should all be following. The title of his post, "Unstable, Unbalanced, Uncoordinated, and Unsustainable," is a direct quotation from China’s Premier, Wen Jiabao. This is unusually blunt language for a national leader under any circumstances. Mr. Wen is describing the present state of the Chinese economy, and stating his clear intention to do whatever it takes to slow it down. Read Stephen Roach's comments here.

No comments:

US Federal Debt Meter

December 7, 2010: The current official amount of US Federal debt below, now near $14 trillion, is up over 50% from the $9 trillion figure that I first posted here in mid-2008. Consider this - if interest rates return to a very normal 8% level, then the US will soon be obligated to allocate over $1 trillion per year in interest payments, and the amount can only rise after that point, as this sum is already non-repayable. To add insult to injury, according to John Williams at ShadowStats, the official estimates account for less than 20% of the actual GAAP amount. That is, the clock below should now be showing a real figure over $71 trillion, about $230,000 for every American man, woman and child....

Gross National Debt

Or, click here for US National Debt Clock (uses somewhat different figures). Click here for the Canadian debt clock.