Tuesday, May 4, 2010
China May ‘Crash’ in Next 9 to 12 Months, Faber Says (Update3) - Bloomberg.com: "China is “on a treadmill to hell” because it’s hooked on property development for driving growth, Chanos said in an interview last month. As much as 60 percent of the country’s gross domestic product relies on construction, he said. Rogoff said in February a debt-fueled bubble in China may trigger a regional recession within a decade."
Well, why not them too.
I'd've thought they would have learned their lesson from everyone else on the planet doing that first.
Posted by Stephan at 2:15 PM