Thursday, March 21, 2013

China trying to lower inflation


The Chinese are trying to slow things down, rightly so. They've had inflation. They've had a real estate bubble, you should always try to pop bubbles and you should always try to kill inflation, so I admire what they're doing.

China will have many problems but it's not the end of the world.

The US went through a similar economic rise with rapid growth in the 20th century with the Great Depression in the 1930s.

Jim Rogers

Warren Buffett

Nouriel Roubini