tag:blogger.com,1999:blog-6616959642391988608.post5287294105616558053..comments2024-03-19T02:45:37.685-07:00Comments on Calafia Beach Pundit: Understanding China's property boomScott Grannishttp://www.blogger.com/profile/14028519647946868684noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-6616959642391988608.post-37500220616676628202010-08-11T16:46:26.561-07:002010-08-11T16:46:26.561-07:00The most interesting piece about China is how simi...The most interesting piece about China is how similar it is to Japan 30-40 years ago. However, we all know how Japan's story turned out.<br /><br />Ironically, we now look like Japan two decades ago. I could care less about what kind of Federal Reserve we have. Any Federal Reserve is a parasitic feature of commerce.<br /><br />The engine block cracked in 2008. Unless you replace the engine Public Libraryhttps://www.blogger.com/profile/00017383928897945054noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-38308910153128847402010-08-11T16:21:55.045-07:002010-08-11T16:21:55.045-07:00So the big Q: Every economy mis-allocates capital....So the big Q: Every economy mis-allocates capital. How much is survivable?<br /><br />The US over-allocates to housing, welfare, rural areas and militaries.<br /><br />China overallocates to infrastructure , manufacturing and militaries.<br /><br />China, however, runs big trade surpluses and we run huge trade deficits.<br /><br />Who's house will stand last?Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-67043531514026657952010-08-11T14:23:53.815-07:002010-08-11T14:23:53.815-07:00Benj,
Everyone is mis-allocating capital by all m...Benj,<br /><br />Everyone is mis-allocating capital by all means necessary. Therein lies your problem. Eventually, the rotting from the inside out takes its toll.Public Libraryhttps://www.blogger.com/profile/00017383928897945054noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-13031950802425418012010-08-11T14:21:26.488-07:002010-08-11T14:21:26.488-07:00Public-
That guy Pettis seems to know his stuff.
M...Public-<br />That guy Pettis seems to know his stuff.<br />Misallocation of capital--I have wondered about that in China. Still, they seem to have gobs of money to solve any mistakes. <br /><br />On the other hand, the USA uses a mortgage interest tax deduction to help funnel hundreds of billions of dollars extra into residential and even luxury housing every year, on top of the woeful Fannie andBenjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-16030514713594553562010-08-11T11:43:53.728-07:002010-08-11T11:43:53.728-07:00Rationalizing irrational market behavior. Gotta lo...Rationalizing irrational market behavior. Gotta love it.<br /><br />I follow this blog about China. Very well written from someone living there.<br /><br />http://mpettis.com/Public Libraryhttps://www.blogger.com/profile/00017383928897945054noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-6832887097228162882010-08-11T11:38:31.228-07:002010-08-11T11:38:31.228-07:00This comment has been removed by the author.Public Libraryhttps://www.blogger.com/profile/00017383928897945054noreply@blogger.com