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Politics : Foreign Affairs Discussion Group
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To: FaultLine who wrote (125671)3/5/2004 3:31:33 PM
From: Neocon  Read Replies (1) of 281500
 
This is the sort of thing one expects to find in an overheated economy: that the various sectors cannot keep pace, that essential investment in infrastructure is deferred to keep from impeding the faster sectors, and that there is a strong whiff of speculation and an emerging bubble due to poorly planned investment. I fear that it will turn out as it did with the Asian Tigers, that it was mostly a bubble fueled by easy credit and cronyism, and that as the speculative fever increased, loans went sour and it burst.
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