Wednesday, February 19, 2014


How China fooled the world: China's building & debt spree

This post is worth reading but if you just want the quick and easy version of the HUGE amount of building and credit creation that has gone on in China over the past 5 years then watch the two videos which total just a couple of minutes.

When the Japanese bubble popped it did hurt us, it exposed the real estate bubble in the southwest, but it was largely over for the U.S. after '92.  I suspect China's bubble bursting is going to be much worse just for the fact that we are in a much worse position ourselves. 

P.S. This episode will be available soon.  

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