I am a bit doubtful about China's economic expansion strategy — labor productivity is generally very low in Laos and Cambodia and those countries that are not already even part of the Chinese -
driven bubble economy.
Not exact matches
In the late 1980s, on the heels of a three - decade long «Economic Miracle,» Japan experienced its infamous «
bubble economy» in which stock and real estate prices soared to stratospheric heights
driven by a speculative mania.
Las Vegas is a case study in the limits of the housing
bubble but also the reflection of a new
economy driven by a demand for lower price real estate.
Since then, his most well - known target has been China, whose
economy he says will eventually crash,
driven by an unsustainable real estate
bubble.
Personally, I think car loans will be the next
bubble to burst and
drive (no pun intended) the
economy down to another recession.
Meanwhile a housing and financial
bubble bursting in China, and the inflationary
bubble in the US funded by the magic money of the Fed are both set to burst into undeniable reality any time soon, will at least
drive down fossil fuel use during the looming new global recession about to hit from the two biggest
economies on the world going someways down the toilet.....
Attracted to value Ironically, the impressive spending numbers that are
driving Hawaii's retail are the result of Japan's economic downswing, says Ross Murakami, audit and business advisory services manager in the Honolulu office of Chicago - based Arthur Andersen & Co. «The
bubble in the Japanese
economy burst around the same time as the Gulf War in 1991,» he explains.