4253 days ago
I have for months argued here that the experts have got it wrong. City analysts tell you that by slashing interest rates and by investing $99 billion in new infrastructure projects China can avoid a hard landing and its economy can “land softly” before growing again rapidly next year. The experts have already been shown to be wrong and a massive crash is already underway. As I have noted before your China exposure should be precisely nil.
I shall explain where socks
4253 days ago
We have all lived through various bubbles of which the 1991-2001 dotcom bubble was the most famous. After each bubble bursts everyone (with hindsight) says “oh, that was a bubble, we will never be that stupid again.” And then they are. I shall be sinking my teeth into New Media this autumn. But at least no-one has been mad enough, until now, to go back to the insanity of the Tulip bubble of 1637. But now… step forward China and walnuts.
