Wednesday, June 15, 2011

How do you say "Ponzi Scheme" in China?

Good read here.

Which ends with this thought.

"The recent Australian budget proves, as if further convincing was needed, that Australia's projected budget surpluses are heavily dependent on the China Boom Mark II. A few sharp shocks about the realities of Chinese companies might yet have an impact on Australia's economic prosperity."

1 comment:

Anonymous said...

In addition, look up information on the Dutch Disease.
The head of NAB called it a week ago