Quote:
Originally Posted by MrBaldBastard
Did you read your links?
https://www.scmp.com/news/china/econ...s-credit-binge
like this one, let me refresh you on how it begins...
"Like many other Chinese cities, Changde has been on an infrastructure spending spree that went well beyond what the government could afford"
-- China's personal debt level is still well below western levels, though rapidly expanding. If the Chinese Government did a major clamp down on personal lenders ( and they can ) problem stops. If a crash happened because of Chinas personal debt levels, its really going to effect no one but China, if a crash happened because the Government goes broke... the whole world suffers. |
I never discounted china government debt. you seem to think China has one or the other and fail to comprehend that they are dealing with both.
you also fail to realize eu household debt is significantly worse than US.
your anti-Americanism blinds you to reality. no wonder you need to make anti-American blogs.