Lindsey warns of US protectionism

Former chief economic adviser to George W Bush, Lawrence Lindsey spoke to FinanceAsia at CSFB''s Asian conference.

Is China creating a bubble both in commodity prices as well as its own economy

Lindsey I think it will lead to a bubble. I don't think we have one now, but the conditions that could ultimately create a bubble are all there. We have very accommodative monetary policy due to the currency peg, we have a irrational exuberance in the form of people expecting Chinese growth to go on forever and we have a few special problems, such as there not being a lot of alternative financial instruments in China. So where you get excess demand it will tend to be focused and specialized. Right now you are seeing it in real...

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