Dr. Doom’s China Skepticism
April 17, 2011 at 21:25 PM EDT
I’ve been a China skeptic for a while now. Post-crisis, I referred to it as “the Michael Jackson economy,” kept going by massive doses of stimulants. Huge sums have been directed to investment in real estate and infrastructure, and financed by a massive expansion of credit. I am deeply skeptical that such a top down, [...]