And, I would agree with your comments. Certainly, no economy is nearly as strong as the US economy. However, is it really a bubble, what are the indicators you're using?
Remember, even though the US is it's largest trading partner, we are not their only trading partner. China has been gaining trade in other parts of South America, Asia, Africa, and in Europe. I can hardly claim to be an expert in anything, let alone finance... but, well over a billion people makes me think that the recent Chinese market fluctuations are really not that significant. Especially since China's government is actively trying to cool their economy.
I’d imagine, that economic success in China, has created a very powerful breed of risk takers and speculators in China. They do already have that kind of nature anyway... Borrowed money, invested, needs to be repaid. I’ll be willing to bet, that the banking system in China is built on hope of repayment...
Oh, let them have their fun. ANd boy can you make people mad when you say the party is ending, or will soon. I tried to warn people about the tech wreck here int he late 90’s, but people just had that look in their eyes. You may now recognize that look in the typical real estate investment idiot we see now.
Remember Rebel W/O a cause? Can you figure out, why a MANSION, was completely run down and vacant, near the observatory???? Think about that for a minute, and what that means about real estate booms and busts.