China's debt bomb

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#1 Tue, Jun 28, 2011 - 1:18pm
Paladex
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China's debt bomb

Nice editorial. Apparently China's in the same boat. Or, as the writer puts it:

"The country is making the same lend-and-pretend-that-the-loans-are-good gamble that the world's largest economies have all made. And as you can see from what has happened in the US and all over Europe, it's a losing bet."

https://finance.fortune.cnn.com/2011/06/28/chinas-debt-bomb/?iid=Popular

When CNN loses confidence in the dollar, it's time to start battening down the hatches.

Or, as the Penguins of Madagascar cartoon advises, "You can never be too paranoid."

Edited by: Paladex on Nov 8, 2014 - 5:06am
“Politicians are like diapers; they need to be changed often and for the same reason.” ― Mark Twain

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