I was thinking, "It depends on how much of that money was borrowed. Bubbles bursting without borrowed money cause investors lots of pain. But bubbles bursting fueled by borrowed money cause financial crises and cause everybody lots of pain." But of course, China is going through a huge bubble of extremely dodgy lending. Time to grab all those nickels before the steam roller reaches us!
(no subject)
Date: 2015-05-05 02:37 am (UTC)