…within 10 years, half the world’s billionaires will come from China. While other countries are in panic mode over their stagnant economies, here they’re making money and they’re flaunting it.
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The trends I am seeing indicate a different story.
I hope these billionaires are being created fast enough to replace the ones mysteriously “vanishing” to skip out on their massive loans..
http://www.marketwatch.com/story/china-businessman-who-built-an-empire-vanishes-2012-04-09
Building a giant gold pyramid and French chateau as part of a factory complex is the opposite of impressive, it’s downright alarming. Widespread corruption and conspicuous consumption are not signs of the creation of sustainable wealth.
Doc, We agree with you. Billionaires based on leverage is a fleeting thing.