Is Kyle Bass Going To Be Proven Correct?

  1. dub
    31,961 Posts.
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    worth a read -

    “In 2005, exports and investment constituted 34% and 42% of China’s GDP respectively. By 2014, exports had fallen to 23% and investment had grown to 46%. This growth in investment was funded by rapid credit expansion in China’s banking system, which grew from $3 trillion in 2006 to $34 trillion in 2015.”

    This is the largest credit expansion in history. It is (as are so many things in our financial system today are), in a word, unprecedented. I feel a little ridiculous using that word as it sounds sensationalistic but the facts are there for us to see and cannot be argued with. .... "


    Last edited by dub: 08/07/16
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