All Posts Tagged With: "credit explosion"

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Investors in China Have Learned Nothing From the Crash of ‘07-’08

With no barriers to entry, profit margins are always squeezed by competition. And growth is limited too – other builders are always starting up. If the investor paid 40 times earnings, he can only get 2.5% on his money…

July 31st, 2009 | Bill Bonner | 0 comments | Continued
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