Itsjustal

China: American-style vs Latin-American-style Crises

Your final paragraph is the most worrisome. Inflation is already at 8 percent. What sort of percentage rise in inflation would you deem is "signicant"? .5 percent? 5 percent? And, how long is the period of time between when bank withdrawals actually occur and when they are recorded and publicly reported?

I read and enjoy all of your pieces here. Do I sense that you consider China to be nearing some sort of a precipice that requires more timely and direct action than "tinkering"?