Tuesday, December 28, 2010

China's Luck Is About To Run Out

According to the Chinese zodiac, 2011 will be the "Year of the Rabbit," which is considered to be a lucky sign. But I think China's luck is about to run out, and I'm not the only one who sees the writing on the wall.


The most pernicious impact China is having on world markets stems from a massive credit bubble similar to the one that blew up Japan in the early 1990s and the U.S. markets in 2007-2008. Hedge fund manager Mark Hart, who made a killing anticipating the U.S. subprime mortgage meltdown and the European debt crisis, is now focusing on China, saying in an article in The Telegraph that China is in the "late stages of an enormous credit bubble," and the "economic fall-out" will be as "extraordinary as China's economic out-performance over the last decade."

5 Reasons China Will Crash in 2011

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