oh thats an easy call. even as we speak they are engaged in a stimulus program every bit as strange as our own and even stranger - their banks are FORCED to make loans!

the pressure to keep the growth machine going in china has been immense...but nothing grows to the sky, particularly in a global recession. the chinese will learn the hard way, as we are, not to fight economic cycles.

its not an issue of when china will have a major crash, but when and how deep