Archive for February, 2016

A China Meltdown? No.

Wednesday, February 24th, 2016

Many of the world’s economies are struggling to continue growth, and some have slipped into recession. In particular, the huge and famously fast-growing Chinese economy looks wobbly, and it has a lot of debt. Could a recession in China cause another debt meltdown like 2008?

 from Bloomberg Businessweekgives us a good analysis:

The World’s Debt Is Alarmingly High. But Is It Contagious?

quote:

“You shouldn’t think, ‘Oh my God, this is all going to collapse and China is going to default on itself,'” says Derek Scissors, a China expert at the American Enterprise Institute. “Instead, you should think, ‘Oh my God, what a colossal waste of money.'”

Click the title link above to read the whole article.