Commodity Trade Mantra

Posts Tagged ‘Bad Loans’

China Peer-To-Peer Lending Bubble Bursts - 90% Companies May Default

According to research by Celent consultancy, the P2P lending market in China grew from $30m in 2009 to $940m in 2012 and is on track to reach $7.8bn by 2015 – Here’s the problem: it won’t. Dozens of the P2P lending websites went bankrupt and have shut as borrowers default on loans.

Waiting For An Economic Collapse? Look At What Is Happening In Europe

If you are awaiting the arrival of the economic collapse, just look at what is happening in Europe. The entire continent is a giant economic mess right now. Unemployment and poverty levels are setting record highs, and there is an ocean of bad loans and red ink everywhere you look.

Big Trouble: China Might Face Credit Losses Of As Much As $3 Trillion

China’s lending spree has created a debt burden similar in magnitude to the one that pushed Asian nations into crisis in the late 1990s. How much longer can China keep sweeping the hundreds of billions of discharged, bad loans under the carpet and pretend everything is fine.

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