Chinese Inflation...

Some famous finance guy in China gave a closed door speech on how China is in deep trouble and possibly bankrupt. He told everyone not to record his speech or put it on the internet...so naturally its on youtube now.

Take this all with a grain of salt or two, but here's the link.

Key points is that a lot of Chinese growth the past few years is just stimulus money and loans spent on real estate, and that as these loans go bad, the shit will hit the fan.

He claims inflation is really running at 16%...which might be good news for my RMB appreciation-wise if China was trying to really stop it. But its scary when a bank account only pays 5% for a 3 year CD.

Plus, if China has an economic collapse, the value of the RMB probably won't be going up...should have cashed out last visit. Thought about it but was lazy.

Oh, well, everything seems to be falling apart this year, so why not one more thing...get it over with fast.