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China’s Central Bank Makes Even the Heroic Fed Look Like a Bunch of Amateurs - Wolf Richter -

Wolf it's ok to print money if you actually make something, and more of it every day. That's no bubble. You just need to keep up with wealth creation. Bubble is when you make nothing but money.

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Début de l'article :The phenomenal credit expansion in China has taken many forms and has accomplished many phenomenal things, from building entire ghost cities to turning ambient air into a toxic cocktail. In the process, the credit bubble turned China into the second largest economy. Some of this freshly created money has been spread around. Hence, the growing middle class. Those with significant accumulation of wealth are trying to get some of it out of China before it all blows up or before the corruption crack... Lire la suite

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