Thursday, March 26, 2009

Billionaire Li Ka-shing Says China Will Lead Global Recovery

Billionaire Li Ka-shing, who predicted China’s stock-market bubble would burst in 2007, said the nation will lead a global economic recovery and investors should consider buying shares and real estate.

Yes, this is what I predicted too! But only for the fact that Chinese policymakers are not hindered by destructive belief systems and thinking based on fallacies. If they need stimulus they do it, without incessant debate weighed down by non-applicable ideas such as "taxpayer on the hook" and "legacy of debt to future generations."

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