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Originally Posted by spads
It's amazing that China has been able to pass off building massive cities that no one can afford to live in as "economic growth". Dunno but it seems like a bubble to me  |
It is a massive bubble....... and it's popping as we speak but what's that got to do with this new bank? It's a pretty historic moment - Former US Treasury Secretary, Larry Summers, made a big statement about it earlier today:
Larry Summers:haThe Past MonthhaMay Go Down as ahaTurning Point for U.S. Economic Power - Yahoo Finance