David Stockman Blog | A Red Ponzi, Truly----China's Staggering Debt Vs. Soon-To-Be-Shrinking Population | Talkmarkets
Editor, David Stockman's Contra Corner
Contributor's Links: David Stockman's Contra Corner

David A. Stockman is the ultimate Washington insider turned iconoclast. He began his career in Washington as a young man and quickly rose through the ranks of the Republican Party to become the Director of the Office of Management and Budget under President ... more

A Red Ponzi, Truly----China's Staggering Debt Vs. Soon-To-Be-Shrinking Population

Date: Sunday, June 10, 2018 7:41 AM EST

Neither the fact that China’s bank balance sheets amount to more than 600% of GDP nor the fact that they have doubled in terms of percentage of GDP in the past several years suggests a healthy development. Our friends from Condor Capital expect NPL ratios51F to rise in China, which could translate into credit losses of USD 2,700 to 3,500bn for China’s banks, and this is under the assumption of no contagion (!). By comparison, the losses of the global banking system since the financial crisis have been almost moderate at USD 1,500bn.....

Read Mises Institute's China Is In Trouble here.

Disclaimer: This and other personal blog posts are not reviewed, monitored or endorsed by TalkMarkets. The content is solely the view of the author and TalkMarkets is not responsible for the content of this post in any way. Our curated content which is handpicked by our editorial team may be viewed here.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.