"I hate to be contrarian but the US is way more stable than China, if the Chinese government wasnt funding bubbles in a dozen different markets it would be collapsing right now, the Chinese are building stuff they dont need at a pace never seen before in history, stuff with zero economic value to them in the future, whole cities of empty housing, bridges to no where .......if history is aguide at some point the wheels will fall off and massive social unrest will unfold, nothing short of revolution could unfold in China when this happens"
My comment:
This is such an asburd Western prejudiced view that it is beyond belief.
You can't buy houses in China using 100% and 90% borrowed money like was done in the USA. All recent bubbles have been cause by the USA. Put the blame where it belongs.
Have a look at the use of energy per person by the USA compared to China? What about the number of cars per person in the USA compared to China?
But it's China having stuff they don't need? lol rofl.
Since when does the USA have the right to a monopoly of the world's energy etc. based upon a fraction of the world's and a fraction of China's population?
