The Conservative Cave

Current Events => Economics => Topic started by: Ptarmigan on October 09, 2016, 01:26:32 PM

Title: China must wean itself off debt addiction if it is to avoid financial calamity,
Post by: Ptarmigan on October 09, 2016, 01:26:32 PM: China must wean itself off debt addiction if it is to avoid financial calamity, warns IMF chief
http://www.telegraph.co.uk/business/2016/10/09/china-must-wean-itself-off-debt-addiction-if-it-is-to-avoid-fina/

Quote
China is edging towards "financial calamity" and must wean itself off its debt addiction and reform if it is to avoid a crisis, the International Monetary Fund has warned.

Markus Rodlauer, deputy director of the IMF's Asia-Pacific department, said the world's second largest economy was approaching a tipping point where its rapidly growing financial sector and surge in shadow credit could undermine the state's ability to contain the fallout from a crash.

"The level of financial and corporate debt and the complexity of the financial system and rapid growth in shadow banking is on an unsustainable path," he said.

China has some serious financial problem. We could see another financial problem down the road.
Title: Re: China must wean itself off debt addiction if it is to avoid financial calamity,
Post by: Big Dog on October 09, 2016, 04:19:21 PM: Quote from: Ptarmigan on October 09, 2016, 01:26:32 PM
China must wean itself off debt addiction if it is to avoid financial calamity, warns IMF chief
http://www.telegraph.co.uk/business/2016/10/09/china-must-wean-itself-off-debt-addiction-if-it-is-to-avoid-fina/

China has some serious financial problem. We could see another financial problem down the road.

How do you say "John Maynard Keynes" in Chinese?
Title: Re: China must wean itself off debt addiction if it is to avoid financial calamity,
Post by: DumbAss Tanker on October 09, 2016, 05:51:17 PM: The IMF Chief is operating under the belief that the Chinese have been, and intend to keep, operating by the same financial rules and principles that the EU/US international banking structure do. That is a mistaken assumption.
Title: Re: China must wean itself off debt addiction if it is to avoid financial calamity,
Post by: BlueStateSaint on October 09, 2016, 06:19:22 PM: Quote from: Big Dog on October 09, 2016, 04:19:21 PM
How do you say "John Maynard Keynes" in Chinese?

Mao! :whistling:
Title: Re: China must wean itself off debt addiction if it is to avoid financial calamity,
Post by: Big Dog on October 09, 2016, 08:25:55 PM: Quote from: BlueStateSaint on October 09, 2016, 06:19:22 PM
Mao! :whistling:

:cheersmate:
Title: Re: China must wean itself off debt addiction if it is to avoid financial calamity,
Post by: Ptarmigan on October 09, 2016, 09:35:16 PM: Quote from: DumbAss Tanker on October 09, 2016, 05:51:17 PM
The IMF Chief is operating under the belief that the Chinese have been, and intend to keep, operating by the same financial rules and principles that the EU/US international banking structure do. That is a mistaken assumption.

Central Banks are playing with fire.
Title: Re: China must wean itself off debt addiction if it is to avoid financial calamity,
Post by: BlueStateSaint on October 10, 2016, 07:20:05 AM: Quote from: Ptarmigan on October 09, 2016, 09:35:16 PM
Central Banks are playing with fire.

Their 'Day of Reckoning' is coming. It always does.
Title: Re: China must wean itself off debt addiction if it is to avoid financial calamity,
Post by: thundley4 on November 21, 2016, 08:43:51 PM: China could call in the US debt to them and solve some of their problems.
Title: Re: China must wean itself off debt addiction if it is to avoid financial calamity,
Post by: Gamle-ged on November 21, 2016, 09:11:15 PM: Quote from: thundley4 on November 21, 2016, 08:43:51 PM
China could call in the US debt to them and solve some of their problems.

Stated in a variety of ways by a variety of people, "If I owe you $10, I'm in your debt. If I owe you $10,000,000 you're in MY debt."

http://www.barrypopik.com/index.php/new_york_city/entry/if_you_owe_a_bank_thousands_you_have_a_problem_if_you_owe_a_bank_millions_t/