Friday, December 10, 2010

Adam Smith's Revenge in China?

Tom Friedman, call your office.

"There are empty cities."

And this is coming from a guy who was an Obama supporter, not some wild-eyed right winger.

Construction = 60+% of Chinese GDP
Exports = ~5% of GDP
" real estate market..."
"...Adam Smith's gonna get his revenge..."

No comments: