China Slows Down, and Grows Up

http://www.nytimes.com/2012/04/26/opinion/china-slows-down-and-grows-up.html

---------- Forwarded message ----------
From: barry levine
Date: Thu, Apr 26, 2012 at 10:19 AM
Subject: re: China Slows Down, and Grows Up
To: letters@nytimes.com


To the Editor:
   Some of us are not comforted to note that China's economy in
recent years mirrors that of Japan's in the 1970s.  Japan's ascendency
in the '70s was followed by Japan's Asset Price Bubble in the '80 and
the Lost Decade of the '90s. Many Japanese are still underwater on
mortgages from that era. If China were to follow such a trajectory, we
could see starvation and revolution. Even Morgan Stanley might be
inconvenienced by that.
Barry Haskell Levine