Thursday, June 9, 2011

More China Bashing from the WSJ

link here to article

The WSJ has found another reason to prove that China's economy can't be as good as the US economy and faux democracy in the US. Its hard to get a good read on China for many reasons but the WSJ found the problem that it wants to find. The article suggests that the fall in real estate values in China is like the collapse of the housing bubble in in the US. Housing prices have declined but China's bubble has been well short of the US bubble and China's banks are not holding trillions of dollars in toxic assets.

China may not be able to continue to grow its economy at 10% but the WSJ will keep finding reasons why China will fail because it wants China to fail.

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