China Has Become a Ponzi Scheme
I've written several columns on the subject of China, and I will post in the comments section below the URLs for columns that provide context to what we will discuss in this column.
Before getting into China specifically, though, I want to offer a brief observation with respect to the global capital markets and their interactions with monetary and fiscal policy, especially given the Greek bailout....670 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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