Thursday, January 14, 2010

The Chinese giveth...


But is China that intent on restraining asset bubbles?






感冒 said...


Gregor's Ghost said...

What was the United States account surplus in 1930? What percentage of the world's gold did it own then?

What about Japan in 1989? How much did in foreign assets did it have before its great bubble popped?

I don't think the future of China will unfold like either of these two scenarios, but the future is precarious for both China and the US. My prediction is for bumpy development at best, with a serious risk of escalating global tensions and economic de-globalization.