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Keyboard worrier
Thursday, July 16, 2009
The East is [in the] Red
Here's an interesting one: the Contrarian Investor reckons a credit bubble could be brewing in China.
For now, a cloud no bigger than your fist on the horizon; but sometime... This is how we ourselves started, back in the 80s.
3 comments:
Anonymous
said...
China was expanding the money supply at 18% per annum BEFORE the credit crunch. Kept the yuan down w.r.t. the dollar of course. Now they are having to feed yet more debt into the system.
Not quite the tiger economy some have suggested. They are heading for a fall - a really big one. Probably in 2010 I would say.
3 comments:
China was expanding the money supply at 18% per annum BEFORE the credit crunch. Kept the yuan down w.r.t. the dollar of course. Now they are having to feed yet more debt into the system.
Not quite the tiger economy some have suggested. They are heading for a fall - a really big one. Probably in 2010 I would say.
Thanks for your comment, Anon - do stay in touch. Your professional field?
If China blow it big time (as Japan did in the 1990s), then they will bring Australia down with them.
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