Bubble!
Well, it looks like China's going to intentionally blow their bubble even bigger. The AP reports that Wen Jaibao says China has no plans to tighten credit. In fact, it appears that China is purposely blowing whatever bubbles they can in order to keep economic growth going. As a command economy, when the political leaders say "lend", banks lend. It was a big mistake for me to underestimate the stimulus plan from China.
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