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	<title>thekeeling.com &#187; Economy</title>
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	<description>From the Desk of Julian A. Keeling</description>
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		<title>HOW DO I FEEL ABOUT 2010?</title>
		<link>http://thekeeling.com/archives/685</link>
		<comments>http://thekeeling.com/archives/685#comments</comments>
		<pubDate>Fri, 25 Dec 2009 00:51:48 +0000</pubDate>
		<dc:creator>julian</dc:creator>
				<category><![CDATA[Company News]]></category>
		<category><![CDATA[Economy]]></category>
		<category><![CDATA[CNBC]]></category>
		<category><![CDATA[Recession]]></category>

		<guid isPermaLink="false">http://thekeeling.com/?p=685</guid>
		<description><![CDATA[Economists and politicians have been very clever to maintain labeling what really is a depression of the same proportion of the Great Depression as a recession. They have been brilliant at handing out cock and bull stories,”W’ere re now out of it and on the road to recovery!” For me, I have become a member [...]]]></description>
			<content:encoded><![CDATA[<p>Economists and politicians have been very clever to maintain labeling what really is a depression of the same proportion of the Great Depression as a recession. They have been brilliant at handing out cock and bull stories,”W’ere re now out of it and on the road to recovery!” For me, I have become a member of Generation Z. “It is all about me”. I have decided as much as I would love the world to listen to my rants about injustices and China, I cannot change the world. However I can influence the little world around me. So I will be tackling 2010 and looking after and looking out for my immediate family; my daughters and grandchildren, my brother and my CII family. Now CII is nearly forty strong I have a huge responsibility to ensure we continue surviving through this horrible business environment so when America gets back on its feet, we thrive.</p>
<p>This morning when I tuned into CNBC to check the stock market, I watched some fat cats proclaiming business in 2010 will return to “as usual” as it was before the recession. I suppose for them they can get back to their $40 million remuneration packages after starving for a year on $20 million, but for the rest of us, the road is still full of huge pot holes. At CII, we will continue on the path of gaining a bigger share of what I still see as a continuing smaller pie. Next month we will add innovations onto our website where our forwarder customers around the world need not worry about what the time is in America, they can sign in and obtain pick up rates from all post codes of the United States and the computer will also tell them the total cost to destination. Peter, Graham and Jeremy were responsible for this project coming to fruition.</p>
<p>By the time August 2010 arrives, we will have the most sophisticated screening operation on the Los Angeles airport, manned by a team of experts 24/7. If it weren’t for President Obama’s stimulus plan we would never have been able to claim this achievement eight months before it happens! We believe this investment will become a major earnings contributor for the company in the years ahead.</p>
<p>In July we will be seventeen years old. Our L.A. Headquarters have remained in Bellanca Ave all this time. It is easy for the observer to determine I am a crusty old bugger resistant to change. As we work through the next difficult year or two there may be some tweaking here and there, but the culture of CII will remain the same. We are a dedicated team of individuals with good hearts who always set out to do the right thing for the company and the customer.</p>
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		<title>CHINA AT LAST ADMITS EXPORTS HAVE COLLAPSED</title>
		<link>http://thekeeling.com/archives/334</link>
		<comments>http://thekeeling.com/archives/334#comments</comments>
		<pubDate>Fri, 13 Mar 2009 16:32:13 +0000</pubDate>
		<dc:creator>julian</dc:creator>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[Export]]></category>
		<category><![CDATA[Import]]></category>
		<category><![CDATA[America]]></category>
		<category><![CDATA[Chery]]></category>
		<category><![CDATA[China]]></category>
		<category><![CDATA[Haier]]></category>
		<category><![CDATA[Japanese]]></category>
		<category><![CDATA[Lance Armstrong]]></category>
		<category><![CDATA[Obama]]></category>
		<category><![CDATA[Pentagon]]></category>
		<category><![CDATA[Stimulus]]></category>
		<category><![CDATA[Wal-Mart]]></category>
		<category><![CDATA[Wall Street]]></category>
		<category><![CDATA[Wall Street Journal]]></category>

		<guid isPermaLink="false">http://thekeeling.com/?p=334</guid>
		<description><![CDATA[I don&#8217;t know what it is, but the media&#8217;s love affair with everything China just keeps growing. Take their stimulus plan for example. They announced a miserable $500 billion package (most of which was already ear marked and spent on existing projects) for their 1.2 billion people and we are being told its effects have [...]]]></description>
			<content:encoded><![CDATA[<p>I don&#8217;t know what it is, but the media&#8217;s love affair with everything China just keeps growing. Take their stimulus plan for example. They announced a miserable $500 billion package (most of which was already ear marked and spent on existing projects) for their 1.2  billion people and we are being told its effects have been immediate and the Chinese domestic economy is booming with cement purchases reflected in thousands of miles of six lane highways under construction, schools being built by the thousands and other huge infrastructure projects underway. They now say, &#8220;Who needs exports?&#8221; By contrast in America the very same commentators are having great delight in cynically telling us, President Obama is literally throwing money down the drain and what we all actually need is more tax breaks. Tell that to the millions of Americans who can&#8217;t find work in order to earn a living so they can pay tax!</p>
<p>China has factories closing down by the thousands every week with thirty plus million out of work migrant workers still catching trains back to their rural homelands. With this as a backdrop, we are being informed everything (all good!) that is happening in China, the opposite is taking place in America. New cars in record numbers are leaving the showrooms, local manufacturer Haier can&#8217;t keep up with the demand for white ware and hi def flat screens will soon be in every Chinaman&#8217;s home! I suppose they will shortly feed us with the boloney the few remaining Chinese without cars will be riding 35 speed Lance Armstrong racing bicycles!</p>
<p>This week I noticed a two paragraph article hidden at the bottom of a rarely read section of the Wall Street Journal declaring that Chinese exports for February plunged 25.7% year over year. And the Beijing government of course made the announcement! In all probability and going by the empty container ships filling the outer Singapore harbor to the brim, if the truth be known, the plunge is more like 50%. The simple fact is these people cannot be trusted and why does the western world feel so obligated to be told and accept that China has all the right answers and they are so great but we are all so dumb. It is odd how the Pentagon views China as the enemy by keeping a very close eye on their military activities, yet on the other hand Wall Street has great delight in ramming down our throats they are the savior of America because they buy our bonds!</p>
<p>For me, it is over, Rover. Never in the history of mankind, has a country produced so much cheap junk and products of inferior quality as China has accomplished in their short time as a major supplier to the world. As a child I remember us laughing at how bad the Japanese were at making toys, but within a short space of time Japan quickly became makers of quality cameras and watches that started outselling their German and Swiss rivals. For me, even in ten years time, I just can&#8217;t imagine a Chinese Chery car outselling even what Yugo achieved when they were a &#8220;hit&#8221; in America thirty odd years ago.</p>
<p>China, through the media, you tell us you are not worried about collapsing exports and this hiccup has created the opportunity and the timing to look inwards and invest domestically. I say great and long may it continue. It now allows us to rebuild our factories and put millions of Americans back to work. To the Wal-Marts and other mongrel companies, I wish you the best of luck in seeking replacement suppliers and dealing with the new Chinese philosophy.</p>
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		<item>
		<title>SADLY NO SIGNS OF LIGHT AT THE END OF THE TUNNEL</title>
		<link>http://thekeeling.com/archives/332</link>
		<comments>http://thekeeling.com/archives/332#comments</comments>
		<pubDate>Fri, 13 Mar 2009 16:28:22 +0000</pubDate>
		<dc:creator>julian</dc:creator>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[America]]></category>
		<category><![CDATA[Bush]]></category>
		<category><![CDATA[Cheney]]></category>
		<category><![CDATA[China]]></category>
		<category><![CDATA[McCain]]></category>
		<category><![CDATA[Recession]]></category>
		<category><![CDATA[Russia]]></category>

		<guid isPermaLink="false">http://thekeeling.com/?p=332</guid>
		<description><![CDATA[Once upon a time it was public sentiment talking up or down on the economy that could affect the mood of the country. However this time Bush/Cheney truly wanted to leave us with their magnificent legacy and unfortunately the next two generations will be heavily paying the price for their good work. Thank goodness we [...]]]></description>
			<content:encoded><![CDATA[<p>Once upon a time it was public sentiment talking up or down on the economy that could affect the mood of the country. However this time Bush/Cheney truly wanted to leave us with their magnificent legacy and unfortunately the next two generations will be heavily paying the price for their good work. Thank goodness we have a young statesman in the White House ably supported by a seasoned lieutenant, instead of that nasty, geriatric and very angry Mr McCain and Trip&#8217;s grandmother from Alaska running the country. Ironically we need hope and plenty of it to cling to as much as anything else as each one of us face these uncertain times.</p>
<p>Yes, this recession is global, but I disagree with the experts that the solutions must be global. This is the time when we need to look within and work on the principle, charity begins at home. Right now we do not have the resources to continue looking after the rest of the world and quite frankly with our popularity around the globe having hit new lows under the last administration, we can quietly concentrate on repairing America. I do feel badly for poor third world nations&#8217; economies becoming more desperate, but let Russia, India and China (and experts in knowing what poverty is all about) with their new found wealth open their check books and help. Why does it always have to be America?</p>
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