Tuesday, May 4, 2010

China next to burst a bubble?

Word is that China is going to have its own bubble burst soon.
Property speculation and unsustainable economy focussed on development will result in a fall or crash within 12 months according to investor Marc Faber.
My normal reaction would be a bit of schadenfreude at China's impending distress, but we are too solidly linked to foreign economies and China's is a juggernaut.
When they fall back or crash, we will feel a great deal of their pain.

We live in interesting times.

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