Monday, November 19, 2012
China's Recovery Is As Strong As The Mist
Meaning that it is very ephemeral. As Gordon Chang writes, China has indeed experienced recovery, however, China has loosened the money spigot even more than the United States. China's M2 is double their GDP while in America it is around 75% of ours. In absolute terms America has unleashed a fantastic amount of money, yet in relative terms China's might be more dangerous. Gordon Chang says, from one of his sources, that the good news should last through November, and then there will be no more good news.