“‘The compounded annual growth of bank assets as measured by the China Banking Regulatory Commission has been 30.8%,’ Bass wrote. ‘To give some perspective, a 30.8% compounded annual growth of credit in the U.S. equivalent over 5 years would be an expansion of $33 trillion. This rate of credit growth is three times the total credit system growth experienced in the U.S. at the peak of the bubble in 2006… The debt-to-equity ratios of Chinese companies are exploding as they funnel new capital, not into yield returning investments, but into the black holes on their balance sheets that have been created by a slowing growth environment.'”
http://www.businessinsider.com/bass-calls-china-downturn-on-credit-fear-2013-7
Related posts:
Jeffrey Tucker on Bitcoin, Digital Anarchy, Socialists, Equality, and More
Woman violently arrested for playing banjo in wrong place at Syria war protest
IRS Targeted Progressive Groups, Too, Documents Reveal
Interpol Rolls Out Global Voice Identification Database
IMF Recommends Increased Taxes For No-Income-Tax Vanuatu
Can We Call Syrian Rebels Terrorists Now?
The People Who Profit from Marijuana Prohibition are Upset with the DOJ
Pennsylvania Court Upholds Seatbelt Roadblocks
Second-Grade Teacher Suspended for Showing Children Garden Tools
Run4Guns In Utah. It Annoys Gun Control Advocates.
Venezuela Devalues Bolivar By Another 44%; Inflation Rages At 50%
‘Antiwar’ Hagel Pushing for War on Syria
Capital Punishment for Traffic Violations
DOJ's 'Operation Choke Point' Closing Legal Websites' Bank Accounts
Traffic Camera Company Uses False Threats To Extract Ticket Payment