…

Yikes. Chi­na gonna fall down go boom.

Christo­pher Bald­ing on the real risk in Chi­na

In the past 5–8 years, and espe­cial­ly the past 3, Chi­na has built an enor­mous amount of stuff that nobody wants, needs, or uses. Fueled by a lend­ing boom that began in late 2008 and tripled total len…