The Great (W)Mall of China

There is a story on Bloomberg.com which highlight imbalances in the Chinese economy I have been focused on for the past few years. Click here to read it.

The article highlights something I have said so often I feel as though I am going crazy by repeating it. Economic central planning by corrupt communist politicians playing favors is creating a mess like we have never seen in modern times. Again, as I've said, the world is focused on the U.S. real estate debacle but there is likely a mess just as ugly in everyone's own back yard. There certainly is in China.

Although, I guess I could argue the mess in China was also created in the U.S. It was created largely by American consumption of Chinese exports.