China's Subprime Crisis Is Here

Re:China's Subprime Crisis Is Here by cylinder on Wednesday February 17, 2016 @10:20AM (#11118377)

Another thing is Americans have very little understanding of their own history; particularly how America went through the same type of tumult as China in its early economic development. Financial crises were the norm (and still are) and it was a wild place with loads of corruption and vast ungoverned / autonomous regions.

Yes, soon China will have a financial crisis. It will have to undergo restructuring and debt forgiveness. It isn't going to evaporate from the earth.

As an interesting side note, the US has the largest shadow banking sector (as % of all financial assets) in the world: https://www.imf.org/external/pubs/ft/gfsr/2014/02/pdf/c2.pdf

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Re:China's Subprime Crisis Is Here by stevendaniels on Wednesday February 17, 2016 @02:03PM (#11120311)

One big difference: there's been a lot more research on economic matters since America's early tumult. There have been warnings about China's debt issues since the issues started.

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Re:China's Subprime Crisis Is Here by dtornabene on Wednesday February 17, 2016 @06:47PM (#11122530)

Hey thanks for the link.

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