It’s always something, isn’t it? We’re still cleaning up the mess from the massive debt-fueled housing bubble in the US when suddenly we’ve got to deal with Europe’s public finances. We haven’t even gotten started on that one when a third debt debacle starts rumbling, in China.
http://blogs.wsj.com/marketbeat/2011/10 ... -subprime/
China’s Shadow Banking System: The Next Subprime?
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MachineGhost
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China’s Shadow Banking System: The Next Subprime?
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Disclaimer: I am not a broker, dealer, investment advisor, physician, theologian or prophet. I should not be considered as legally permitted to render such advice!
Re: China’s Shadow Banking System: The Next Subprime?
Debt-based currency + fractional reserve banking = house of cards.MachineGhost wrote: It’s always something, isn’t it? We’re still cleaning up the mess from the massive debt-fueled housing bubble in the US when suddenly we’ve got to deal with Europe’s public finances. We haven’t even gotten started on that one when a third debt debacle starts rumbling, in China.
http://blogs.wsj.com/marketbeat/2011/10 ... -subprime/