Bubbles are best identified by credit excesses, not valuation excesses. And there's no bigger credit excess than in China.
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Their books are also different. Works of fiction contain a single plot, with all its imaginable permutations. Those of a philosophical nature invariably include both the thesis and the antithesis, the rigorous pro and con of a doctrine. A book which does not contain its counterbook is considered incomplete.
Jorge Luis Borges