Don't Be Critical of China's Boom...

... if you want to be popular.

China May Like Palin More Than Top Asian Lender: William Pesek

Sept. 24 (Bloomberg) -- This isn’t the time to be critical of China’s 2009 economic boom.

That’s clear enough from the hate mail that clogs the inbox of anyone who dares suggest China won’t grow 8 percent forever. Even Sarah Palin, a former Republican vice-presidential candidate, seemed to pull her punches while addressing a conference in Hong Kong yesterday.

Neither strong feelings nor politeness toward your host changes the fact China is setting the stage for something we may look back on as a lost decade of sorts.

Oh well! By the way, this isn't the first time I've agreed with William Pesek. Au contraire! Check out these classics from the distant past.

Pop Goes the Weasel (Musical Tribute)
China's Pyramid Scheme
China Is Fiddling While Its Economy Overheats
Let Them Eat Cake!

William Pesek and Andy Xie have yet to steer me wrong.

Oh my. I just had an au contraire thought. I'm a stagflationist but I can't actually buy gold at these prices. "AU" is actually the symbol for gold. Contraire means contrary (contrarian). Coincidence? Read the book!