China – The Mother of All Black Swans

Very nicely presented article. Ta very much for posting.

I was talking to a Chinese guy the other day who is returning to China in June. His parents have got him a job in a bank despite him having spent 6 years here studying for an engineering Masters. He reckons hes gonna get rich very quickly.

He told me that average wages in Shanghai is about 10K for people like himself. Flats are selling for about 100K (Shaghai I think) and everybody is jumping in. When I said it sounded like Ireland a couple of years ago, the response was “China is different”…

The chinese equivalent of Fianna Fail.