07-07-2015, 05:17 PM
(07-07-2015, 05:07 PM)JustWinBaby Wrote: Nahhh, China has had a hard landing many times before...not the "developed economy" you might have been led to believe as their banking and economic systems are still third-rate. This is nothing new and shouldn't cause anything like the 2008 financial crisis...however, there's even more "easy money" in the system this time, so who knows.
I'm not worried about ripple effects - the markets tends to forecast/lead recessions, not cause them (except in the case of liquidity/credit crises, which are relatively much less common). 6+ years into this "recovery" and we are due for another recession.
I've read about the empty cities that were built to prop up their GDP.
Am I correct in assuming that our debt to them has not matured ?
Should they collapse, what would happen to that debt ?
As far as our "recovery" and being due for another recession, do you think we are really poised for that ?
The housing market is still well below where we were before the bubble burst.
