fyi China is Gonna Crash at Some Point

From Mish's fine site there's a great piece on the China Bubble...China is going to do very well in the next 100 years, but right now its stock market is crazy...remember when the Japanese were going to take over the world in 1989? Well, they didn't and their stock market is STILL 55% below it's peak, 18 years later! Check out the Shanghai stock market vs Nasdaq circa 2000 chart comparison....history doesn't repeat but it rhymes.

Another good site where you can read about all the nonsense is Sudden Debt.

This is a classic parabolic spike...they never end well...