MORE PROOF CHINA'S ECONOMIC GROWTH IS UNSUSTAINABLE: INFLATION IN MAY WAS NEARLY 6% AND IT'S EXECTED TO BE 6% IN JUNE

THE CHINA BUBBLE MAY SOON BURST:

Inflation in China hit its highest level in 34 months despite the government's efforts to rein in rising prices.

Consumer prices in China rose by 5.5% in May, compared with the same month last year, according to the National Bureau of Statistics.

Food prices continued to be the biggest factor as they surged by 11.7%

The rising cost of food and commodities have pushed up the cost of living and become a hot political issue in China.

Analysts warned that prices are likely to rise even further.

"For now, it seems certain that China's CPI will hit 6% in June," said Xu Biao of China Merchants Bank.

BETTER BRACE YOURSELVES, FOLKS

WHEN THE CHNA BUBBLE BURSTS, IT WILL MAKE THE US HOUSING BUBBLE BURST LOOK LIKE A LITTLE .... BUMP IN THE ROAD.