China is supposed to be the engine of growth that gets us out of the economic crisis. The following document suggests that is unlikely to be the case. According to Katsenelson, China may become another economic basket case in a similar fashion to Japan.
To view the presentation, click on page number at lower right corner.
Obama’s “Ides-of-March” Moment is Near
More Bad News for Dollar and Treasuries
China Channels Ben Bernanke
Stansbury on Precious Metals, Currencies and Government Desperation
Your blog is super I will have to read it all, thank you for the diversion from the books!
The shivering ghost that now inhabits the words laissez faire was once an unconquerable fighting spirit. It did not belong to capitalism. It belonged to liberty; and to this day its association with capitalism is valid only insofar as capitalism represents liberty–
Garet Garrett, 1952
Liberty being what the Chinese most lack, their run will indeed end in a Chinese fire drill. They might even beat us there.
[...] China May Not Be Answer By Monty Pelerin, posted April 16th, 2010 http://www.economicnoise.com/2010/04/16/9878/ [...]