Sunday, June 19, 2016

Bill Gross*: 
China's Fading Economic Miracle 
Is A Big Worry
Gross is worried about China .. "We have to watch China the most .. Its leverage has doubled in recent years. It is at 250% of GDP where most of the developed world is, but it will be 300% before they can spit, and if they cannot keep their supposed economic miracle going at 6% of growth then the rest of the world has problems." .. China is treading a fine line between supporting its national currency to prevent capital flight & keeping it currency cheap enough to make its exporters competitive with southeast Asian countries that have lower wages .. "There is a chance that 12 months from now, China will have started some type of unwind that is unfavorable for financial markets."
LINK HERE to the article

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