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3-Jul-12 World View -- Worldwide economic slump deepens and accelerates


Hong Kong's growing hostility to mainland China evident from Hu Jintao's visit

** 3-Jul-12 World View -- Worldwide economic slump deepens and accelerates
** http://www.generationaldynamics.com/cgi ... 03#e120703



Contents:
Hong Kong's growing hostility to mainland China evident from Hu Jintao's visit
NATO chief OKs Turkey's military buildup on Syria's border, amid military defections
Russia's foreign minister 'delighted' at failure of Syria crisis talks
Eurozone unemployment climbs to record high
Manufacturing activity falls as worldwide economic slump deepens
China's manufacturing indexes slip to seven-month lows
Finland and Netherlands will block bond bailout program
ECB says Greece must fulfill austerity requirements '100 Percent'


Keys:
Generational Dynamics, Hong Kong, China, Hu Jintao, C.Y. Leung,
Mandarin, Cantonese, Nato, Turkey, Fogh Rasmussen, Syria,
Russia, Sergei Lavrov, eurozone, unemployment, Spain,
manufacturing activity, Law of Diminishing Returns,
Joerg Asmusse, European Central Bank, Greece, IMF

Speaking of the economy, I've been watching the US debt clock and it looks like unemployment is going up by about 1,200 a day. Granted, it's not a real accurate measure, but it gives me some idea as to where we're headed. Normally, I see the numbers go down, but starting in late May, I watched it go up.

As for China's next civil war, it could end up working like the French Revolution, with the CCP overthrown and someone new coming into power that wages wars against his neighbors. I don't see the communists surviving this cycle myself.

In 2008-2009 with all the stimulus, it did seem to a lot of people that the crisis was over, but China and India's economy didn't slow down by nearly as much and soon went back to their "normal" growth. Even now, I keep hearing claims that within 5 years, China will be the largest economy in the world; doesn't look much like it now.