Thursday, 7 November 2013

Living in a Chinese bubble

No, you can’t see bubbles when you’re in them, said Bubble Master Alan Greenspan.

No, there’s no way to tell if you’re a in bubble, said his apprentice Ben Bernanke.

No, no one can see a bubble at the time, says Ben’s successor Janet Yellen, echoed by every central banker in the world busy inflating their bubbles.

Which means there’s nothing at all to see in China.

[Hat tip Hugh Pavletich]

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