China has been growing with a whopping yearly GDP of at least 10% for the past 4 years. Although voices questioning its stability are sounding louder and louder from both sides of the fence. From Treasury Secretary Paulson’s last week comments to the G7 Finance Ministers statements, all seem to agree with Premier Wen Jiabao’s statements, "growth is unstable, imbalanced, uncoordinated and
unsustainable."
Two reports from Bloomberg on China caught my eye this weekend:
Vulture Bearded.
Source: vultures. homestead.com
Banks and hedge funds get ready to take over the coming wave of distressed institutions…
The 300 movie. Spartans pushing Persians off a cliff.
Source: gamespot.com
Reading Bloomberg’s headlines today brought a chill down my spine.
Are we at the brink of a recession? Or worse?
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Worth reading.
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