Commodity Trade Mantra

Posts Tagged ‘Bad Debts’

China’s Monumental Debt Trap: Why It Will Rock The Global Economy

China is caught in a monumental debt trap. There will undoubtedly be a long series of cuts before China sweats out its hangover from a $26 trillion credit boom. Debt has risen from 100pc to 250pc of GDP in eight years. It means that China is the New Greece—-but one sporting 40X more GDP and 70X more debt.

Banks Have Become the Permanent Government of Europe

European banks have long been hermetically sealed black boxes. The only thing known about the holes in their balance sheets, left behind by assets that have quietly decomposed, is that they’re deep. And no one is allowed to know until Eurocrats decide who is going to pay for bailing out these banks.

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