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China : The Mother of all Bubbles is about to burst

The China Bubble: Jim Chanos & Kyle Bass 

 A totalitarian country can move the chess pieces around and keep a veil of secrecy for a long time. For all the criticism of Obama doing things like deflating the unemployment numbers, China does things like this ten times over. Their economic numbers are not believable, they don't have a strong internal consumer economy, and China has been manipulating their currency for decades. I'm not convinced there is an imminent crisis in the Chinese economy, but no managed economy can succeed in the long run.

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