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POPSChinese economy records fastest growth since financial crisis erupted All those bank loans for building unnecessary real estate and factories. The game is liable to switch from bank stimulous to bank bailouts, once the bubble bursts. The Chinese government saw what happened in Japan before the crash, and then the US, and they go and make exactly the same mistake. Why are economic policy makers, whatever their nationality, so stupid?
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POPSJapan GDP revised heavily downward Governments took a bet with stimulous policy: double or nothing. And they keep doubling. Any betting man will say this bet a very easy way to lose a lot of money, and is a sign of complete desperation.
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POPSUK output signals weak start to fourth quarter Double dip leads to double debt. Yesterday, I bought a 145 'Maine' branded, made in China, winter coat for 45. That's the state of the Chistmas retail market, even before the stimulous has been switched off.