kadfasd4324
Re:China Can’t Sustain Its Debt-Fueled Binge, Moody’s Says
on Thursday May 25, 2017 @01:54AM (#14415538)
Fair enough.
I think the comment was implying that their policies, not being entirely democratically accountable - the effectiveness of these instruments themselves being arguable - are very likely going to be swayed by private interests.
I know there exists a revolving door b/w FDR and major Wall Street banks, but I'm not sure about other countries. I'd not be surprised if this were the case everywhere.
Edit:
'Princes of Yen' is a documentary that I found did a good job of illustrating the dangers of having such high powered unaccountable cabals (without all the BS that is typical in this genre).
Re:China Can’t Sustain Its Debt-Fueled Binge, Moody’s Says
on Wednesday May 24, 2017 @11:40PM (#14415166)
... until you hit the central bank.
Re:China Can’t Sustain Its Debt-Fueled Binge, Moody’s Says
on Wednesday May 24, 2017 @11:39PM (#14415162)
They are not. They are legally independent in many countries incl. the US, Japan, India (de facto), S. Korea, and Thailand.
Re:China Can’t Sustain Its Debt-Fueled Binge, Moody’s Says
on Wednesday May 24, 2017 @11:31PM (#14415133)
Nikkei peaked at 40k in 1990; it has been hovering around 10-20k ever since.
Re:China Can’t Sustain Its Debt-Fueled Binge, Moody’s Says
on Wednesday May 24, 2017 @11:18PM (#14415084)
Does anyone how much external debt is held by China ? I'd imagine their generally (well-placed IMO) aversion to IMF/WB folk might help them plod along with the help of their central bank. Money is fictional you know.