China Faces "Minsky Moment" on Ponzi Financing
MishTalk
MARCH 21, 2014
Inquiring minds are tuning into a report on the Ponzi finance setup in China. Gross Domestic Product (GDP) growth to 5.0% Our analysis indicates that China’s economy has arrived at that unstable state where speculative and Ponzi finance appear to dominate. Morgan Stanley agrees. over the next two years. s 26% in 2000-2005.
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