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Jim Cook

 

RUNAWAY SOCIAL SYMPATHY

Every once in a while I switch the TV channel from Fox to CNBC to see what the liberals are saying.  After listening awhile I get a deep sense of hopelessness and foreboding for our country.  The most important thing for the left is giving money to people.  They are happy to see the growth of food stamps, disability payments, housing subsidies, free healthcare and all the other welfare benefits.  They utterly fail to see the damage it is doing to the recipients.  Whole cities that once flourished have deteriorated into rotting eyesores populated with shambling hulks of chemically dependent drones.  These people are no longer employable.  They have become incompetent and helpless and the liberals can’t see that it’s their doing.

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The Best of Jim Cook Archive

 

Condensed Articles

June 8, 2016

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BRICK WALL

By Richard Duncan

(condensed)

The largest economic boom in the history of the world is now hitting a brick wall, says Richard Duncan, well-known author, market strategist, and publisher. “Over the last 25 years, China's economy has been completely transformed. It's probably been the greatest economic boom in the history of the world and they've achieved that by pursuing a strategy based on export- and investment-driven growth. But now that strategy seems to have come to an end.”

“It’s unsustainable,” Duncan warned, and “it seems to me that there are really two insurmountable constraints that China is not going to be able to overcome, enabling it to keep this bubble growing forever.” Here’s some of what he had to say on Wednesday’s podcast: “It does seem at long last that China's economic growth model is really slamming into a brick wall... the global economy is simply not large enough and it's certainly not growing quick enough now to continue absorbing more Chinese exports. At the same time, on the investment side, China has such excess capacity across every industry that product prices are plunging...and so the companies are not profitable. Non-performing loans are skyrocketing...and China has hit the point where the more money they invest, the more money they are going to lose. So they're really facing quite a serious crisis...”