| From Marketoracle.co.uk: International Economy offered a publication from thirty “experts” on the question: “If the Chinese bubble bursts.” In most cases these were treated as possibilities not predictions. In my case, these are predictions. I offer some of their pertinent comments, as well as point out the weaker offerings.
First, it’s amazing to me how important and indeed well-educated economists fail to understand the true nature of serial bubble economics. While often acknowledging the on-steroids nature of what transpires, they then seem to frequently fall back on standard economic cycle theory, including promoting the role of government to play traditional Keynesian interventions “to smooth over the abuses and massive imbalances.”..........................................Full Article: Source
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