tend to agree with Slampoil, but dont want to be accused of being one of these guys who goes to the beach and dreams up conspiracy theories rather than enjoying the surf!
Some of the figures are staggering in terms of over investment and inefficient allocation of capital, the greatest example in history on many fronts. Is it different this time, does central planning make this ok, maybe, but logic and history tends to suggest not.
Australia's prosperity of the last couple of decades is so inextricably linked to China, it's only natural that some of us might put the blinkers on when analysing the situation.
Have a read of some of Jim Chanos' material, he has been very good at identifying the major "too good to be true" markets of the last couple of decades.
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