Posted on 05/21/2016 6:38:20 PM PDT by TigerLikesRooster
P!
Thanks for posting!
I continue to be amazed that virtually every country in the world seems to be deeply in debt. It doesn’t seem possible, and yet here we are.
There are an abnormal number of gloom and doom reports out over the past couple of weeks.
But, it seems like we keep pulling the rabbit out of the hat. I’ve played on teams like that. In the end, the luck runs out. Cinderella is a fairy tale.
I wonder when this streak will really end?
- Real economy in Depression?
The Stock Market Soars
- Real unemployment at 22%?
The Stock Market Soars
- Debt at critical levels?
The Stock Market Soars
- Retail implosion?
The Stock Market Soars
The Fed made a decision to prop up the Stock Market, no matter what. Rounds of QE. ZIRP. Free cash.
What they have done is pack tons of explosive TNT into our economy and hope that no one notices.
How about you just say Chinese instead of a racial hate word!
You're on the wrong website, you racist, American-hating scum bucket!
Come now, I want what's best for America. Since the chinese are smarter than Americans, America would be better off populated by Chinese. Who needs dumb people when you can have smart people with astronomical SAT scores?
Delightful propaganda from those London gangsters...er, bankers.
Yea, and it’s not like the a**holes running them all just coincidentally didn’t happen to notice any of the dozens of instances this didn’t work out in even just the last 100 years or so...
MF estimates that 15% of Chinese loans to nonfinancial corporations are at risk. With nonfinancial corporations’ debt currently standing at 150% of GDP, the book value of the bad loans could be a quarter of national income.
https://www.project-syndicate.org/commentary/china-bad-loan-solutions-by-barry-eichengreen-2016-05
In current situation, the threat of punitive tariffs by Trump would really hurt.
The Chinese should go for a consumer society as soon as possible, as it is impossible to increase the export. http://www.mauldineconomics.com/editorial/friedman-germany-has-a-bigger-problem-than-refugees
MF => IMF
the son of the Saudi king said that Saudi Arabia was interested in selling part of the state-owned oil firm Saudi Aramco. The only reason to put this on the table is that the Saudis need money badly
Exports constitute about 23 percent of Chinas GDP. They make up almost 50 percent of Germanys GDP and 30 percent of Russias. In Saudi Arabia, its 52 percent. However, in Japan its 16 percent. And, in the United States, exports are only 13.5 percent of GDP and only about 8 percent is attributed to countries outside of NAFTA. When we look at the export levels, we are measuring a nations vulnerability to the international system.
http://www.mauldineconomics.com/this-week-in-geopolitics/the-eurasian-storm
It won't help staving off impending debt crisis. Such a transformation won't happen overnight. I don't believe China has enough money to burn to hold debt crisis in check until it becomes a full consumer society, and generate enough earnings to pay down all debts accumulated along the way.
I agree that it will take time, thus they should start as soon as possible. But, it will be a debt crisis in any case.
Here are more vulnerable countries:
Exports of goods and services (% of GDP)
http://data.worldbank.org/indicator/NE.EXP.GNFS.ZS
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