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The China Model Is Unsustainable

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While the pols in Europe endlessly consider how they will paper over their financial crisis, "ring fence" Greece and the other PIIGS pass austerity programs, and still get reelected, some speculate that perhaps China will step forward to bail out the eurozone.

In recent years a number of investment gurus have touted China as the new financial powerhouse, while at the same time the country serves as punching bag for both sitting and would-be American politicians. Senator Charles Schumer claims the Chinese are manipulating the yuan, causing millions to lose their jobs in America. "More than any single stimulus...

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