The Chinese BUBBLE and Its Aftermath -- RE: China's housing bubble . . .

-------- Original Message --------

Subject:	The Chinese BUBBLE and Its Aftermath -- RE: China's housing bubble . . .
Date:	Thu, 28 Jan 2010 10:22:11 -0800
From:	Jas Jain

There has never been a bubble of this scale, Jas. China makes the US, UK, and Japan look like laughable amateurs.

 

http://www.zerohedge.com/article/chinas-housing-bubble

 

http://dailycapitalist.com/wp-content/uploads/2010/01/China-Housing-Bubble-NPR.mp3

 

No denying the fact that the Chinese economy is in the grips of a gigantic bubble (Chinese are more addicted to gambling than Europeans) in commodities, real estate and stocks. When the Chinese BUBBLE bursts there would be nothing to prevent the global Greater Depression. The US-led depression has only been softened by the huge Chinese stimulus but when the Chinese BUBBLE bursts the rug would be pulled from under the globally linked economies.

 

Globalization of risk and contagion!

 

What would be the aftermath of the global Greater Depression? China, some time between 2025-35, would be in a similar position as the US was in 1950 with close to 20% share of the world trade. China overtook Japan (former #3), then Germany (former #2) and during the coming years would overtake the US as the #1 exporter in the world.

 

Jas