#1 Tue, Jun 28, 2011 - 1:18pm
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
