Thursday, December 15, 2011

Watch closely

I liked this bit;
"Fitch Ratings said China is hooked on credit, but deriving ever less punch from each dose. An extra dollar in loans increased GDP by $0.77 in 2007. It is $0.44 in 2011..."
Sounds like the tale of the Junkie and his Dealer...and we all know who the Junkie is.

Oh, and look at this, China just launched her first aircraft carrier and has been spotted at sea.

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