China’s Debt Crisis
Good article in The Age about China’s pending debt crisis, which makes the US subprime mortgage crisis look like small change in comparison.
Posted on June 18, 2013, in Economics & Finance. Bookmark the permalink. 2 Comments.
I could be that china’s miracle economic growth was just a mirage, or maybe this points to a previously hidden asset suddenly being declared (such as large precious metal speculation being called in). The interesting point is whom is the money owed to?
i hate to make predictions, but this could be the foundation for a financial super-crisis.