Saturday, September 5, 2015

China's Bubble Has Burst

September 4, 2015
China’s Zhou Kept Repeating the Bubble ‘Burst’ at G-20 Meeting

Zhou Xiaochuan, governor of China’s central bank, couldn’t stop repeating to a G-20 gathering that a bubble in his country had “burst.”

Some might argue that I am insane to blindly believe a governor of China's central bank, and that perhaps the only reason I seemingly believe it is because it matches my long-standing theory about the true strength of China's economy. Perhaps they have a point.

That said, I believe it. At the risk of repeating myself, I believe it. Yes, I believe it. OMG! I'm even starting to talk like a governor of China's central bank! I've been brainwashed, lol. Sigh.


Rob Dawg said...

The Chinese miracle came about by turning capitalism to the greater good. Top down and managed through tight interdependence generating massive multiplier effects. Good thing those knock on consequences only work in one direction.

Stagflationary Mark said...

Rob Dawg,

Good thing!

Slap that tank. Tank slapping! Oh, wait. China is probably not the best place to do that. Never mind. Sigh.

Anonymous said...

Perhaps he meant to say "is bursting" rather than had "burst." Chinese to English translations are SO difficult.....

Stagflationary Mark said...


Perhaps he was speaking of Starburst and how delightfully juicy the experience was. ;)