Thursday, February 17, 2011
BOB CHAPMAN AN ECONOMIC REVIEW 8 FEB 2011
Bob Chapman wrote on the International forecaster of the 12th February 2011 :"....Today in China inflation rages, but it varies from province to province. Some areas have a net 5% inflation and some average 35%. Subscribers returning from China have varying and differing accounts of what is happening there financially. China like the US has negative real interest rates, particularly when matched up with real inflation. The government says inflation is 4.6%. That should average out to about 12% and we might add that is a guess. Either way, whatever it is, it is not good....."
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