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Forbes.com: The China Bubble
"The more debt that's on the balance sheets, whether you see it or not, the more vulnerable borrowing entities become to shocks," warns Michael Pettis, a finance professor at Peking University and expert on China's economy and sovereign debt.
Whether you see it or not? That's priceless.
Update: Lumber Prices Up 11% YoY
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This is something to watch again. Here is another monthly update on lumber
prices.
*SPECIAL NOTE:* The CME group discontinued the Random Length Lumber Futu...
2 hours ago
4 comments:
Mark,
too many posts for maximum comment collection!!
Plus you must understand that we have to chuck our free market principles to save them and then spend our way out of debt. The blueprint is all there.
'I don't have to wipe everyone out Tom, only my enemies'
You are right.
I should stick more in the comment section.
"Why China stocks are headed higher in 2010"
http://articles.moneycentral.msn.com/Investing/top-stocks/default.aspx?feat=1420941
"This kind of real portfolio growth can only be garnered by investing where the real growth is taking place -- and the real growth is taking place in China."
I see three "real" to zero "illusionary". That must make it true.
I'm reminded of the real portfolio growth for dotcom investors. They were investing where the real growth was taking place. There's no denying it.
He seems to be using "on the balance sheet" on autopilot - it just shows the power of cliche.
dearieme,
I just found it very amusing.
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