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

To: westpacific who wrote (109848)	7/20/2011 4:45:40 PM
From: TobagoJack	2 Recommendations Read Replies (2) \| Respond to of 110194

I distrust professors naturally, as a matter of course If professors of the American economist ilk had their way, america would never have built the highway system or went to the moon. At least china is only funding infrastructure rollout out of savings, as opposed to borrowing to fight fruitless wars and fill bottomless derivative shell holes on the banking-scape. There is unproductive, and there is seriously unproductive. Some professors believe china high-speed rail is an unproductive investment and a serious misallocation of savings. Such professors are cretins, and demonstrably so. China is doing okay, just in process to sate a 600-years pent-up demand by tee-ing up excess savings to build what the civilization state needs as opposed to letting the Americans waste it all.