Ensuring High Economic Growth Is Now Urgently Imperative

2008/8/13 8:28:09

After Chinese New Year, I wrote Do We Want Inflation or Economic Growth? (2008-02-28 15:53:15), which sharply pointed out the potential possibility and harmfulness of the deadly situation of high inflation with low growth. After missing numerous favorable opportunities, very unfortunately, this risk is now increasingly imminent. Now there is no other choice. At that time, the most realistic model for the present was already given: high growth with high inflation, and on that basis, gradually leveraging favorable opportunities to change the economic structure and interest distribution mechanisms to dissolve the pressure of structural inflation. No matter what, ensuring high economic growth is now urgently imperative — if you don't want to die a gruesome death, this is the only realistic choice left.

Recently, the re-emphasis on economic growth has gradually gained a louder voice — this is a good thing. But there remains much vacillation among them, which is extremely damaging. Opportunities don't wait unconditionally for your awakening. Because of hesitation, how many opportunities have been wasted? And what consequences will this bring — do you really want to find out?

For people like this ID, an economic cliff merely provides an opportunity to buy ultra-cheap assets in bulk as chips for the next economic boom. But for the vast majority of Chinese people, what they may face is a matter of survival. This is not alarmist talk — it's a situation that economic fluctuations can very likely produce. Great disasters almost always come during times of jubilation — is this not common enough?

This ID very much hopes to be wrong, but countless facts prove that this ID's economic judgments have never been wrong. It's just that this ID always gives warnings very early, while the vast majority of people remain immersed in dreams. Must it take an economic earthquake before they wake up?

Regarding the stock market, for ultra-short-term traders, watch whether the upper edge of the bottom fractal forming on the 30-minute and 60-minute charts can be effectively held. Once it fails to hold, the ultra-short-term will continue probing downward. This simple technique, when applied to the daily chart, has enabled many short-term trades to ultimately achieve a victorious escape — this ID has demonstrated this multiple times during previous rebounds using key short-term levels. You must grasp this. Of course, if you have a deep understanding of this ID's theory, there are more precise methods. But for general operations, this technique is simple yet efficient — it would be a waste not to master it.

I'm preparing to be discharged from the hospital these next couple of days. With many matters to attend to, starting tomorrow it won't be possible to post twice a day anymore. My apologies.