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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: russwinter who wrote (50437)	5/2/2006 9:13:25 PM
From: RealMuLan	Respond to of 116555

I think you forget ONE very important part, which is Chinese people's saving. NOT all those (bad) loans are newly printed money sent direct to the bank. Most of it are people's saving, 10+ Trillion Yuan. These money is hard earned income by hard working Chinese. They are NOT part of Ponzi scheme. That said, I do agree with you that the so-called economic reform started by Deng scam off a lot of Chinese, especially after 1992 (before that many Chinese farmers did benefit from the economic reform, but few do after 1992).