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China's Ghost Cities


Apotheoun

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This is old news actually.  Chinese economic growth is heavily inflated, and no one is certain how big the crash will be for China when we find how much of their growth was based on lies.

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Nihil Obstat

If their bubble bursts as did the US housing bubble in 07 or 08 or whatever it was, the crash is going to be absolutely catastrophic.

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Spending, any spending, is good. Spending drives the economy. Spending is good. Spend. Spend. Spend.

 

I'll take my Nobel prize, now.

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What will happen to our economy if the Chinese economy collapses?

Well, I find it hard to believe that the Chinese economy will completely collapse considering how much of our crap they make, but it might be enough to keep them out of the running of becoming a superpower for awhile.

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