sI74, you say "All one has to do is apply a little logic here.
We had the greatest credit boom in the history of mankind.
All booms are followed by a bust.
So the greatest credit boom will lead to the greatest credit bust."
But China is in the same position. They have had the greatest credit boom in their history. The greatest construction boom in the history of the world. 70% of their GDP is construction, and they have created the money to do it. Yet applying your logic to this situation produces a different result?
