Mish's Global Economic Trend Analysis Fri 2009-12-18 09:52 EST
China Faces Crash Scenario
Problems in China continue to mount. Money supply is growing rampantly out of control, property prices are in a bubble, exports are weak, commodity speculation is pervasive, and GDP growth is more of a mirage than real...I side with Andy Xie who states ``China's asset markets are a Ponzi scheme''...Various Chinese asset bubbles are guaranteed to pop, but as I have said many times, the timing of such events is unknown. In this case however, I am more apt to believe sooner, rather than later.
China Faces Crash Scenario; Mish's Global Economic Trend Analysis.