The Chinese Side of the Credit Bubble

This video offers an eyes-on view of the real picture of the other side of the American credit bubble deflation. China is now trying a credit-boom domestically (a bank-driven building boom), as stimulus, which has an indeterminate economic outcome -- a roll of the dice on the global economy. But I think the primary Chinese stimulus effort should have been focused on powerful social safety-net stimulus and other incentives that would more dramatically increase paltry Chinese consumer demand to help drive its internal economy (see link just below.) The Sino-American economic relationship is representative of several aspects of the global economy I've been reading and thinking about for quite a while now. What could save China is one piece, but there are more.