The Top 10 of rarest things in the world ?
10. Fine German restaurants
9. Humor and self-criticism
8. Safe biking lanes in Flanders
4. Proposals for public expenditures cuts in Belgium (as part of the 10Bn€ effort)
3. Reliable US statistics
2. Reliable Chinese statistics
1. Real Triple-A (AAA) countries
Last year, reliable Chinese statistics topped the list, but there are now at least 2 reliable Chinese statistics and -unfortunately- only 1 AAA country.
The two reliable Chinese statistics are : 1. Power output (electricity) 2. Money supply
Forget most of the other data in China: GDP numbers for instance are notoriously unreliable. The rumours of an economic slowdown in China have been circulating for a while. Idle buildings and capacity overhang are some of the warning signs of the Chinese economy.
But now a new and more alarming warning sign has turned on: money supply has collapsed in recent quarters. The growth of money supply is closely related with credits and hence infrastructural activity and fixed investments in general. The Chinese banks have put the brake on new loans, and as a result, activity will start to slow more markedly in coming months.
Analysts have so far stated that China will experience a soft landing. But the chart is a serious indication that there is no such thing as a soft Chinese landing.
If you are in an inspirational mood, you may fill in the missing blanks (7-5) in “the rarest stuff on earth” list.