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Friendly reminder that China is the biggest bubble in 10,000 years of human history: https://www.crescat.net/crescat-capital-quarterly-investor-letter-q2-2017/
by Top19 9y ago
Friendly reminder that China is the biggest bubble in 10,000 years of human history: https://www.crescat.net/crescat-capital-quarterly-investor-letter-q2-2017/ https://www.crescat.net/crescat-capital-quarterly-investor-l...
Imagine a country with 1,000 different Enron’s or Countrywide’s that instead of being investigated by the government are getting cover/protection instead.
Upcoming movie about this: https://youtu.be/MRm3SYaG7k0 https://youtu.be/MRm3SYaG7k0
- thedailymail 9y agoAs skeptical as I am about predictions on the imminent demise of the Chinese economy (which occur regularly going back at least to Gordon Chang), I'm intrigued to see what an experienced documentary maker like Alex Gibney will add to the discussion. Thanks for posting the link!
- seanmcdirmid 9y agoIn the media, it has been just been Gordon Chang. But China is due for a normal bubble crash, which occur quite frequently in normal economies, but who knows when that will happen. Pro-china people will always interpret crash as collapse to create a red herring against anyone who isn’t bullish on the Chinese economy. Likewise via the opposite for anti-china people. It makes any discussion basically a red herring fight.
- xmly 9y agoTrust, human is the biggest bubble in the history of earth. We all gonna die in another million year.
- seanmcdirmid 9y agoThe biggest bubble is the Big Bang of course. That bubble will eventually collapse and it will be the end of everything (really!).