Sunday, January 10, 2010

"China's Economic Crash"

How's that for a headline of the future? It's all about the "collapse of China".

Will it come to pass? We'll have to wait and see, but the predictor of the Enron scandal will be confidently sharing this headline at the University of Oxford later this month.

Skeptics say this predictor, James S. Chanos, doesn't really know enough about "China's economy" and has only really been doing research since this past summer.

Aggressive bank lending is partly to blame for the creation of artificial demand for the potential "collapse in China", as well as it's stimulus program.

The book "The Coming Collapse of China" (Random House), in 2001 warned of China's possible crash.  Let's see if the prediction comes true.




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