China Faces "Minsky Moment" on Ponzi Financing
MishTalk
MARCH 21, 2014
We have described in detail over the past two years how we believe China’s twin excesses (excessive investment funded by excessive debt) will inevitably unwind, causing a substantial slowdown in China’s economy, significantly below market expectations. Gross Domestic Product (GDP) growth to 5.0% over the next two years. trillion GDP.
Let's personalize your content