Monday, May 09, 2016

Global Bad Debt Epidemic Spreading
The worldwide trend of pushing more debt onto increasingly heavily indebted borrowers continues .. this will end badly .. Chinese banks’ bad loans are at least 9x bigger than official numbers indicate, an “epidemic” that points to potential losses of more than $1 trillion, according to an assessment by brokerage CLSA Ltd .. 5 minutes

1 comment:

Anonymous said...

Oh dear ...