China Is Crashing. Credit Bubble, Financial and Industrial Bankruptcies, Debt and Bond Busts Global Research
The head of China’s sovereign wealth fund noted in 2009: “both China and America are addressing bubbles by creating more bubbles”.
He’s right …
Global credit excess is worse than before the 2008 crash.
The U.S. and Japan have been easing like crazy, but – as Zero Hedge notes – China has been much worse: