Some fascinating conversation this morning around what is going on here in China economically, and what that might indicate about the state of the rest of the world. A couple of random thoughts come to mind:
- Jobs are leaving China because of higher costs. (What most news stories don't indicate is that doing business here is also getting more 'expensive' as corruption continues to sky rocket. As a friend here said to me, "When the rats come out at night you don't mind so much. But when you start to see them during the day it's time to kill them."
- The parade of China shorts is growing. I know the crowd is usually wrong, but it's an interesting trend.
- Prada sales are up 74%, primarily because of business in China. The devil wears Prada, and apparently so does Chairman Mao.
- Just to "drive" home the point, a taxi I was riding in last night was cut off. That's not news, but the car that cut us off was a Maserati. I know, I know... it's just an example, but as someone said to me this morning, "Everyone here is rich now." It's not true of course, but it serves to illustrate the point.
It's all very interesting.