jerry parker

China: No, But This Time Really Is Different

first, nice article. second, i wasn't impressed w/ R/R - China is of interest, and easy to criticize. old saying, "even a broken clock is right twice a day." if R/R really wants to talk crisis, let's talk more about the state of US and the implications that may have for our trading partners once the world realizes that America has been doing a "cash advance" for the past 30 yrs on its entitlement programs. the interest is currently not too bad, but it could get very high. at some point, the bill collector(recipients/r... will get pissed with all these phony/optimistic projections that there's still money left for future advances. imho, until that time, given China's current surplus, it should be the least of investors' worries.