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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: ild who wrote (12847)	4/29/2004 12:48:33 PM
From: russwinter	Read Replies (1) \| Respond to of 110194

<Andy Xie: "China’s central authority must not waver in the coming days, since demonstrating its authority is paramount. If some local governments or banks continue to lend wantonly, the central government must mete out harsh penalties for everyone to see."> What a joke, what are they going to do, hit them over the head with a wet noodle? The are completely out of control, as is the whole western leveraged bandito crowd. This will go on, for a couple more months, or even a few more weeks, then the Train Wreck brings the whole edifice down. <Trotsky, "a bust does not usually develop in a sitution where everybody is worrying that it might." > The head in sand school of economic commentary.