Hello CB, <<not proven to be a problem ... massive debt, inability to pay and default leading to depression ... building railroads and canals>> Yes, and so what is the problem? as we post back and forth today, when all is forgotten and the infrastructure remains?
<<Sorry you can't find the post about the happy investors coming into China, and the sad ones leaving China, it was very funny, but rather cynical, and very brutally honest, so maybe it's better left unfound.;^)>>
Be my guest, amongst cynically funny and honestly brutal posts on my HD concerning China:0)
achamchen.com
China's debt problem is not a serious problem, because it is in the vast majority domestic debt, to be washed away by foreigners credit cards financed by Bernanke, and to be monetized in the best of benighted Maestro's tradition, and to be covered over by a growing economy ... you know, not too hot, not too cold, abracadabra magic.
Chugs, Jay |
