[SpamFighter999]

I came across the following reply to a Felix Salmon who Miki quotes in response to GDP #s from that SafeHaven article on China.

"Dear Felix: Thank you very much for taking the time to read our article and formulate a comment on it. As far as our statement on the size of the economy of China, the supporting facts come from two sources. One is the Bank of Nova Scotia which accounts for PPP adjustments; the other is the World Bank based on China's output. This WB ranking method measures gross national income converted into dollars using the "Atlas" method of currency conversion. While you are correct on absolute numbers, the above statistics shed light on the new perspective with the dangers and the advantages that come with it." Written by Davide Accomazzo on 2006-10-10 17:24:37

Further research shows that Financial Times articles from around that time additionally supports the data presented in the referenced Safehaven article. Specifics on the source data references will be provided upon request.

http://www.safehaven.com/article-5877.htm

IMHO, if there is a question as to the veracity of data the finger should first be pointed at those banks' white papers and mainstream financial media, not on a Safehaven author who used that same data to support certain ideas. Again IMHO, the myopic focus on the GDP #s misses the generalized yet interesting ideas contained in the article.


$this->bbcode_second_pass_quote('MrBill', '')$this->bbcode_second_pass_quote('Micki', 'A')ahh. Old Ludwig Van....

MrBill - what are your thoughts on massive shorting/price surpression conspiracies?

Perhaps slightly off the topic but the following article in Safehaven.com showing how JPM increased their derivat positions with 5Trillion in one quarter and that was the same time Natgas started tanking. Wonder if that is was a coincidence?
Safehaven

End of work now so I will go home and read this carefully again.
Could hardly believe my eyes when I saw the full derivate business figures. Talk about weapons of financial mass destruction. I had no idea it was this big.