they can inflate for a while longer, given the 600 years pent-up demand for infrastructure and needs for upgrading living space from 45 square foot per person to 50 sqft of better space for same person
they still only have less highway per whatever the relevant measure than does mexico
the issue then becomes, will china run out of demand for infrastructure before america run out of debt capacity and japan run out of savings or old people
excel spreadsheet can help settle the issue :0)
i figure america will run out of debt capacity first, either soon, or within 10 years (if then, demographic issue also becomes a financial gravity well of considerable pull)
japan will run out of savings and old people, say within 30 years
then china will have had its fill of infrastructure, say 50 years
... so, the script: hiccup, debacle, rebirth, or, alternatively,
debacle, more debacle, rebirth, or
debacle, more debacle, stillborn
goldilocks is out of the equation |
