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We need to fear China’s “superbubble”

March 17, 2010

From the Christian Science Monitor. Reiterates a great deal of what has been said before, Yuan artificially held low, untrustable growth figures. need to maintain unsustainable growth for political purposes, but the article also brings up the fact that when the China bubble bursts it will cause US interest rates to spike. If that happens what economic growth there is right now will crumple.

-elsewhere-

Paul Krugman responds to the criticism I linked to last night.

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