Great post and well articulated CT;
"I dont like herds, whenever herds occur in investment or ideas its time to examine the contrary arguments, its a sign that things have gone to far in a particular direction.
The pro Chinese herd has gone to far, the anti American one has as well. I know all arguments for why the Chinese are going to rule the world , its just in my mind they seem to be in conflict with commonsense. You simply cant expand credit at +25% a year over year and not expect repercussions , similarly you cant expect to build up reserves in one part of the economy while burning money through a credit explosion in another."
Couldn't agree more.
WC8
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