Thursday, April 7, 2011

An American Syndrome: China, Crude Oil and Debt Bubble

By Andrew Butter
Along with the emergence of the much heralded “Green Shoots” that must by now be turning into roses (?), has come the sinking realization that (a) just piling debt on debt is not a long-term solution to anything, and that (b) perhaps there might have been more “wrong” under the blanket of mark to market (when markets were in a bubble), and mark to fantasy when they crashed, than can be swept under the carpet forever; like perhaps something structural?

Read More: http://www.econmatters.com/2011/04/american-syndrome-china-crude-oil-and.html

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