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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.
Real Estate Newsletter Articles this Week: Existing-Home Sales Increased to
4.15 million SAAR in November
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At the Calculated Risk Real Estate Newsletter this week:
[image: Existing Home Sales]*Click on graph for larger image.*
• NAR: Existing-Home Sales Increase...
17 hours ago
4 comments:
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.
Rob Dawg,
Good thing!
Slap that tank. Tank slapping! Oh, wait. China is probably not the best place to do that. Never mind. Sigh.
Perhaps he meant to say "is bursting" rather than had "burst." Chinese to English translations are SO difficult.....
Anonymous,
Perhaps he was speaking of Starburst and how delightfully juicy the experience was. ;)
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