China sentences to ponder, gray rhino edition

by on July 18, 2017 at 5:54 pm in Current Affairs, Economics, Uncategorized | Permalink

“The message from the leadership last weekend was very clear — financial stability is now regarded as an important element of national security,” said Raymond Yeung, the Hong Kong-based chief economist at Australia & New Zealand Banking Group Ltd.

An editorial in the Communist Party’s People Daily newspaper on Monday pointed to the seriousness of the campaign, warning of potential “gray rhinos” — a variation on the black swan events popularized during the global financial crisis, with the difference that the danger from a charging rhino is more immediate and the animals are less rare.

Here is the Bloomberg story, via Bill Bishop’s excellent China newsletter.

1 Thiago Ribeiro July 18, 2017 at 6:20 pm

Again, it becomes clear to all thinking people that the hold Chinese totalitarian leaders have on Red China is vanishing fast.

2 Ray Lopez July 18, 2017 at 9:07 pm

Strange behavior…by the animals in the video. Seems like they were freaks of nature, wanting to make friends inter-species?! Real bestiality.

3 mkt42 July 18, 2017 at 10:11 pm

Strange indeed. I can only conjecture that the rhino is a young adolescent, recently weaned and chased off by its mother, and looking for a mother figure. And the hippo, who seems to have a youngster, is a mother who on the one hand doesn’t want to be bugged by a random rhino but who due to maternal instincts doesn’t want to attack nor flee from the young rhino.

As for the gray rhino metaphor, I guess the Great Recession and 1970s Oil Shock would be black swan events, and an ordinary recession would be a gray rhino? The dot com boom would probably count as a black swan too; weird presidential elections are probably gray, we know there’ll be an election every four years but we don’t know in advance how wacky it’ll be.

4 Dick the Butcher July 19, 2017 at 11:33 am

Things might have gone more smoothly if Mr. Rhino had started off the evening with dinner and a movie.

How to explain? Mr. Rhino may believe he is a hippo lesbian trapped in a rhino male body . . .

Beside the facts they were huge and no one saw them coming, what common features attach to “black swan” events?

5 Some Guy July 18, 2017 at 10:32 pm

If the Chinese don’t stop fueling demand for powdered rhino horn they’re gonna be a lot more rare in the future.

6 Hadur July 19, 2017 at 9:08 am

Is the horn of the grey rhino an even more potent aphrodisiac?

7 Shaun Marsh July 20, 2017 at 9:02 pm

Financial stability is important for all concerns, I believe everything is one side and financial safety is vital in order to go ahead in life. I have it with trading on planning and money management which is easier with broker like OctaFX who got amazing set of policy which is crystal clear. They have excellent deposit bonus that’s up to 50% that’s usable and comes without restrictions or any added policy at all, so keeps it all working smoothly for me.

8 the impossible game July 20, 2017 at 10:05 pm

Thank you for your sharing. Thanks to this article I can learn more things. Expand your knowledge and abilities. Actually the article is very practical. Thank you!
stickman , bouncing balls , the impossible game

Comments on this entry are closed.

Previous post:

Next post: