0EPII1 All American 42541 Posts user info edit post |
http://www.bbc.com/news/uk-politics-34250135
(45 minute video)
Quote : | "How China fooled the world with Robert Peston
Robert Peston travels to China to investigate how this mighty economic giant could actually be in serious trouble.
Peston reveals what has actually happened inside China since the economic collapse in the west in 2008.
It is a story of spending and investment on a scale never seen before in human history.
However in a situation reminiscent of what has happened in the west, the vast majority of it has been built on credit.
This has now left the Chinese economy with huge debts and questions over whether much of the money can ever be paid back." |
9/20/2015 3:42:47 PM |
spöokyjon ℵ 18617 Posts user info edit post |
We have debts that can never be repaid and we're doing just fine.*
* For whatever fucked up definition of "fine" makes sense in the eternal shitstorm that is 2015. 9/21/2015 11:14:07 AM |
ScubaSteve All American 5523 Posts user info edit post |
Either 12 weeks before or 12 weeks after the US and that is being very generous on the time frame with how markets act now. it most likely would be within a week or two of each other. 9/21/2015 5:13:00 PM |