The Daily Blog Open Mic Tuesday 5th January 2016

3 Comments

1. Martyn’s prediction is coming true about a scary start to 2016.

   Fears of a crash landing in China’s economy sent stocks diving around the world on Monday, the first trading day of the year.

   http://money.cnn.com/2016/01/04/investing/stocks-markets-dow-china/

   1. I don’t get why people buy into this idea China’s down turn is bad for China. Or why we should blame Chines economic management for our own mismanagement.

      We all know China is transitioning its economy from a heavy manufacturer to a consumer one. And that there manufacturing is being effected by poor sales in western countries. The kicker is that workers in western countries can no longer afford cheap junk from China.

      People are always shocked when dumb stuff like this happens and totally ignore the indicators like widespread an massive fraud going unpunished.

      And now we seem to be blaming teachers for this mess.

      Aurgh pfft. What ever eh.

2. It was interesting to note the other day that both David Cameron and John Key used the same “New Zealand/Britain on the cusp/verge of something special” in their respective election campaigns. The New Zealand election came first so I guess this particular PR spin was tried out here first and then repeated in Britain.

   http://news.sky.com/story/1480233/cameron-promises-britain-something-special

   https://www.facebook.com/NZNATS/posts/951029848245944

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