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Originally posted here: Damn the Bubbles, More Printing Ahead; Property Bubbles and the Perils of Easy Money
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China Accelerates Bad Debt Writeoffs; Reflections on "Policies to Counter Economic Volatility" Financial stress related to Ponzi financing and other bad debts in China is readily visible in numerous places. One result is China’s Big Banks Double Bad-Loan Write-Offs . China’s biggest banks more than doubled the level of bad loans they wrote off last year, in a sign that financial strains are mounting as growth in the world’s second-largest economy slows.
Taken from: McCain Wants More Weapons Delivered to Al Qaeda Rebels; How Do Warmongers Get Elected?
More here: Are You Minding the Curves? Sweet Spot is Likely Not Where You Think
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