[TigerLikesRooster]

Bad dream repeats itself in different parts of globe in different time. I suppose every decade needs its overhyped El-Dorado, which eventually sours into ugly reality.

"Banks in China undoubtedly have bad loans, shielded by non-transparent accounting practices, and as wealthy individuals and producers over-leverage themselves, the pieces are in place for a very bumpy road ahead."

"Back in the 1980s, Japanese companies were assumed to have discovered the secret to hyper-efficient production and thus endless profits, while the country's bureaucrats were lauded as perfect macro-planners."

[TigerLikesRooster]

Ping!

[WellyP]

In the last few years companies have started to leave China and setting up shop in cheaper countries like Burma, Vietnam, Laos, Cambodia and some in India.

[DownInFlames]

Just wait until they call our debt.

[stumptalker]

As I was reading this I couldn't but think of the comparison to the U.S., not Japan. The gap between
the haves and have nots is political gunpowder to both
of these countries, as well as Japan.

[UCFRoadWarrior]

The economic facts are beginning to undo bad economic theory

- You cannot create a job in the USA by shipping it to Communist China

- Jobs shipped to Communist China amount to wealth redistributed from the USA to Communist China

- Communist Chinese people cannot afford to buy US products....nor by ChiCom made products

- Communist China buying US debt is not sound economic policy

- Communist China....no matter how much people claim “China adopted capitalism”...is still Communist