A China Meltdown? No.
Wednesday, February 24th, 2016Many 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?
Matthew Philips from gives 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.