When the China asset bubble bursts (and I suspect it is a when, rather than an if), it won’t just destroy wealth, it will also sink people’s faith that this time it’s different, emerging markets are here to stay, and we’re in the middle of an historic shift of wealth from West to East.
Sadly, the West won’t be in a position to celebrate
http://www.fool.co.uk/news/investing/2010/05/06/will-chinas-property-bubble-go-pop.aspx?source=uoofolrf0010002
http://www.fool.co.uk/news/investing/2010/03/05/bolton-should-have-quit-while-he-was-ahead.aspx
http://online.barrons.com/article/SB127449242669395385.html
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