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The China's own ponzi economy will be mirroring the collapse of Ezubo . "So in two short decades, China has erected a monumental Ponzi economy that is economic
by sharetea 11y ago
The China's own ponzi economy will be mirroring the collapse of Ezubo .
"So in two short decades, China has erected a monumental Ponzi economy that is economically rotten to the core. It has 1.5 billion tons of steel capacity, but “sell-through” demand of less than half that amount.... The same is true for its cement industry, ship-building, solar and aluminum industries—to say nothing of 70 million empty luxury apartments and vast stretches of over-built highways, fast rail, airports, shopping mails and new cities.
In short, the flip-side of the China’s giant credit bubble is the most massive malinvesment of real economic resources—-labor, raw materials and capital goods—ever known"
China’s Monumental Ponzi: Here’s How It Unravels http://davidstockmanscontracorner.com/chinas-monumental-ponzi-heres-how-it-unravels/ http://davidstockmanscontracorner.com/chinas-monumental-ponz...
- shaurz 11y agoAnything for more GDP growth! I wonder if the insane over-provisioning is a genius scheme to monopolise worldwide manufacturing for a century (even at massive cost to their population) or just a drive to keep up unsustainable growth statistics. Either way the game will be up eventually...
- muddyrivers 11y agoThere are many serious issue in China's economy. Unfortunately, there are no feasible way to avoid them considering the hyper-growth in 30 years. If you have thoughts and ideas, please share. Call it "Monumental Ponzi"? I suggest you to do two things. One, do some serious study in economics and live and do business in China for a couple of years to see what it really is, if you can afford it. Or continue shedding your eyes from the world and being delusional.
- jbooth 11y agoThat guy looks like a kook. Not that everything's on the up-and-up in China but I bet this guy spent 2008-2012 exhorting everyone to buy gold.
- muddyrivers 11y agoThere are many serious issues in China's economy. Unfortunately, there are no feasible way to avoid them considering the hyper-growth in 30 years, as far as we as a society know. If you have thoughts and ideas, please share. Call it "Monumental Ponzi"? I suggest you to do one of two things. Either do some serious study in economics and live and do business in China for a couple of years to see what it really is, if you can afford it. Or continue shedding your eyes from the world and being delusional.
- sharetea 11y agoI suggest you to do one of two things. Either refute the 'ponzi' argument, or keep attacking me personally :) You seem to have some anger in your life. you should resolve that first.
- kaonashi 11y agoThat's not a Ponzi scheme; that really doesn't have anything to do with Ponzi schemes, I wonder why you even bring it up?
- Mikeb85 11y agoTo shit on China? It's de rigueur these days...