Has the dreaded China crash finally arrived? http://news.yahoo.com/dreaded-china-crash-finally-arrived-114500101.html China's leaders are warning that the country, a reliable engine for the global economy in recent years, is facing "huge downward pressure". (more at url)
Heh. Just like over here, remember The Great Moderation? Difference is over there there'll be massive rivers of blood when it really does happen. I'm targeting sometime around 2020 for the big one, margin of error about three years on either side of that.
They are a HUGE net exporter, with very little consumption in the middle of a world wide race to devalue currencies. They have pumped and stimulated, built empty cities, and roads to nowhere as most Central Planned states do (USSR). Their crash is inevitable, IMO.
yeah, like the man said, what we call a crash is for them just another reversion to the mean, but when it's all said and done, they end up with a great wall
Ahh, but these are the days of dreams! Where wizards wave new money from thin air and the more you borrow, the better off you are. Why, we've completely supsended the laws of physics not to mention common sense. What harm could befoul us now?