“With investors already on edge as global markets came unglued last week, China picked a fine time to engineer a credit crunch. Drowned out in the noise about Federal Reserve Chairman Ben Bernanke’s tapering talk last week was the fact that half a world away, China’s banking system was caught up in a cash squeeze. Short-term lending rates tripled as the financial system essentially froze. It was frighteningly reminiscent of the 2008 financial crisis in the U.S. Hedge fund managers and economists have long warned of a potential bursting of China’s debt-fueled real estate bubble, a replay of our own subprime crisis. Could this be the beginning?”
http://www.moneyandmarkets.com/the-secret-to-picking-winners-in-submerging-markets-52066
Related posts:
UN Official Condemns Torture As Trump Plans UN Funding Cuts
Jack Lew -- From K Street to Wall Street to Treasury
Bahrain, a Brutal U.S. Ally
What Do Americans Know That Their Government Doesn’t Know?
Judge Napolitano On Why You Should Be Upset About Govt Requesting Record Amount of Google Email Data
Why Is My US Brokerage Firm Closing My Account?
After 50 Years, Washington Has Lost the War on Poverty
Trump's imaginary immigration problem
Bill Bonner: 'Uber Alles'
Paul Craig Roberts: Assault On Gold Update
Jim Rogers ... Sign of the Times?
Bill Bonner: Is Capitalism Doomed?
Ryan and Biden: Birds of a Feather
Beware the man on the white horse…
An American Stasi