Thursday, October 13, 2011

China begins to unwind.

China Bad Debt May Reach 60% of Bank Equity, Credit Suisse Says

As we have said quite a few times here China's penchant for central control and opacity would eventualy chip away at the Chinese "miracle." And frankly it HAS been a miracle. However, the ride is about to get bumpy we think.

Click here for the story.

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Nick Sorrentino is the Editor of The Liberty and Economics Review and CEO of Exelorix.com a social media management company.