Rushen Spy Posted February 25, 2019 Share Posted February 25, 2019 Quote The growth of corporate credit in China has been excessive in the last five years. This credit boom is related to a substantial increase in investment after the Great Recession. In the United States, the “debt crisis,” as Nassim Taleb called it, has not been corrected by corporations pursuing an intelligent strategy to reduce their debt. Chinese companies, however, have been following suit. Their profitability is deteriorating more and more. Some believe that the Chinese corporate debt is akin to a mountain; others, to a time bomb. https://mises.org/wire/chinese-bomb-are-we-really-threshold-another-global-financial-crisis How will this disruption to international markets caused by China affect the Isle of Man economy? Will it lead to an even worse worldwide meltdown to the one the United States caused a decade ago and which many Austrian School economists and now even Kensyian school economists like the partisan buffoon Paul Krugman say is going to look like a picnic in retrospect compared to the next impending economic collapse. Link to comment Share on other sites More sharing options...
thebees Posted February 25, 2019 Share Posted February 25, 2019 It will be fine, don't worry about it Link to comment Share on other sites More sharing options...
Rushen Spy Posted February 25, 2019 Author Share Posted February 25, 2019 25 minutes ago, thebees said: It will be fine, don't worry about it Wow, ,that has got a lot of worry off my shoulders. Thank you. Link to comment Share on other sites More sharing options...
dilligaf Posted February 25, 2019 Share Posted February 25, 2019 5 minutes ago, Rushen Spy said: Wow, ,that has got a lot of worry off my shoulders. Thank you. She knows, you know . The Bees is no fool Link to comment Share on other sites More sharing options...
RIchard Britten Posted February 26, 2019 Share Posted February 26, 2019 "Wait and see". Link to comment Share on other sites More sharing options...
Non-Believer Posted February 26, 2019 Share Posted February 26, 2019 It'll all be bailed out by IoM Govt's purchase of Huawei technology. Link to comment Share on other sites More sharing options...
2bees Posted February 26, 2019 Share Posted February 26, 2019 Poor people will be poor, rich people will be rich, no one will starve they'll just get smaller tellys and fewer pairs of Adidas trousers. Link to comment Share on other sites More sharing options...
woody2 Posted February 26, 2019 Share Posted February 26, 2019 apart from the millions that will die...... Link to comment Share on other sites More sharing options...
2bees Posted February 26, 2019 Share Posted February 26, 2019 There aren't even a million people on the Isle of Man. Link to comment Share on other sites More sharing options...
Chinahand Posted February 26, 2019 Share Posted February 26, 2019 China’s debt is basically held internally. There may be quite a lot of money illusion about where people think they are rich while in fact owning worthless paper but at an economic level the assets and debts are basically owned by the same entities and cancel out. It'll damage the banking system and investor confidence but that’s happened multiple times before and will come back eventually. Touchwood it’ll reduce Chinese exceptionalism. They’re a middle income country with loads of political and economic blockages. Touch wood they can continue reforms and reminding Xi Jinping he isn’t Mao is probably a good thing. Link to comment Share on other sites More sharing options...
woody2 Posted February 26, 2019 Share Posted February 26, 2019 2 hours ago, 2bees said: There aren't even a million people on the Isle of Man. i was talking about china........ Link to comment Share on other sites More sharing options...
Albert Tatlock Posted February 26, 2019 Share Posted February 26, 2019 It's just Wong. Link to comment Share on other sites More sharing options...
finlo Posted February 26, 2019 Share Posted February 26, 2019 Sum ting Wong. Link to comment Share on other sites More sharing options...
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