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China's Evergrande Problem
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<blockquote data-quote="vantexan" data-source="post: 5009735" data-attributes="member: 24302"><p>You scoffed at it being down 2% the other day but now want to use it being up to bolster your argument. You have no clue what's coming but want to laugh at anyone pointing out there are serious cracks in the dam that eventually will cause that dam to fail. I suspect you're saying this because there's a Democratic administration in charge and this looks like a negative for them. This has been a long time coming and every administration from George W. Bush onward has contributed. Simply put everything is highly overvalued and the levels of government, corporate, and personal debt aren't sustainable. Anyone who believes that debt can continue to grow forever with no negative consequences is just either uninformed or in denial. And as seen in 2008 the bigger the bubble the bigger the burst. And today's bubbles are way beyond what we had in 2008. </p><p></p><p>"The sky is falling..."</p><p>Chicken Little</p><p></p><p>And P.S. We had a president who was doing what was necessary to get us either out of this mess or at least a somewhat softer landing. You guys were willing to commit financial suicide to get the power back. And you'll get what you asked for.</p></blockquote><p></p>
[QUOTE="vantexan, post: 5009735, member: 24302"] You scoffed at it being down 2% the other day but now want to use it being up to bolster your argument. You have no clue what's coming but want to laugh at anyone pointing out there are serious cracks in the dam that eventually will cause that dam to fail. I suspect you're saying this because there's a Democratic administration in charge and this looks like a negative for them. This has been a long time coming and every administration from George W. Bush onward has contributed. Simply put everything is highly overvalued and the levels of government, corporate, and personal debt aren't sustainable. Anyone who believes that debt can continue to grow forever with no negative consequences is just either uninformed or in denial. And as seen in 2008 the bigger the bubble the bigger the burst. And today's bubbles are way beyond what we had in 2008. "The sky is falling..." Chicken Little And P.S. We had a president who was doing what was necessary to get us either out of this mess or at least a somewhat softer landing. You guys were willing to commit financial suicide to get the power back. And you'll get what you asked for. [/QUOTE]
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