Chinese Debt Moody's has followed Fitch in warning about the danger of Chinese corporate debt. Moody's chief economist, Mark Zandi, says the debt is the "biggest threat" to the world economy, with Chinese companies struggling to deal with the impact of the trade war and other factors. CNBC
As long as $US debt is in dollars there is no problem. Is there a limit to the nonsenses posted on ET?
No worries. Tens and tens and tens and tens of trillions of dollars of debt world wide and nothing but blue skies and colorful rainbows every single day. The more trillions in debt the higher stocks move.
World debt Global debt surged to a record $250 trillion in the first half of 2019, led by the US and China https://www.cnbc.com/2019/11/15/glo...rst-half-of-2019-led-by-the-us-and-china.html
all this worry about debt is misguided... ruins rarely repeat for the same reason... 2008 was debt, the system didn't get killed and got stronger... stress test and all... and the CBs now are getting good on how to paper over everything in orderly manner.... what's the worst case, in China's scenario the CB can just paper over and nationalize whatever and dilute... the country has one of the highest savings rate.. no issue. the next black swan probably won't be debt.... global ice age, some meteo gonna hit the earth... yellowstone super volcano... some super bug spreading across continents..some nut job detonated a nuke.. that type of thing that people are not prepared for.
Yep no worries more spending being approved this week The House aims to approve the $1.4 trillion spending measures Tuesday afternoon, less than 24 hours after lawmakers released them. Congress needs to pass 12 appropriations bills — split into two packages — by Friday to avoid a shutdown.
the central bank can print, even not on physical papers, but assign a few more 0's attached to the debt. the m2 of chinese rmb has climbed close to 200 Trillion, it was 150Trillion a few years back. do you think chinese economy will collapse when m2 goes up to 500 trillion, which it will go to that anyway possibly in 15 years.
Yep just as I thought Approved House passes $1.4 trillion spending plan to prevent shutdown, sending it to Senate