BLA + 1,666 BB March 9, 2020 (edited) It has been known that China's banking system had extraordinary level of outstanding credit/debt. The standard retort was thay they had large cash reserves China accumulated to buffer China against any financial problems. Last time I checked (2019) China's credit/debt was 330% of GDP. Hong Kong is 900% ! Since then China has slowed down. China went thru a tariff war, with $250 billion still bearing U.S. tariffs. Then of course the coronavirus. How much have their cash reserves gone down ? To battle the virus economic downturn the country has provided billions in easy credit. How big is the credit bubble now ? How big does it get fighting virus downturn.l? My opinion . . . Expect World Banking crisis with China and Hong Kong as the epicenter. PS Europe banks never really properly re-capitalized from the 2008 financial crisis. Italy first to go down. Edited March 9, 2020 by BLA 2 1 Quote Share this post Link to post Share on other sites
Guillaume Albasini + 851 March 9, 2020 Now China is still viewed as the main victim of the coronavirus crisis. But this could change in the coming months. As the rest of the world is getting into the coronavirus crisis, China is slowly getting out. And guess who will mainly benefit from the low oil prices ? 1 Quote Share this post Link to post Share on other sites
BLA + 1,666 BB March 9, 2020 (edited) 46 minutes ago, Guillaume Albasini said: Now China is still viewed as the main victim of the coronavirus crisis. But this could change in the coming months. As the rest of the world is getting into the coronavirus crisis, China is slowly getting out. And guess who will mainly benefit from the low oil prices ? China is slowly getting out ? I don't know about that. CCP are liars. Care more about power than lives of their people. China Daily is the communist party's propaganda rag. Edited March 9, 2020 by BLA 2 Quote Share this post Link to post Share on other sites
Guillaume Albasini + 851 March 9, 2020 - Fewer new cases - Diminishing active cases - Makeshift hospitals build last month are currently closing https://www.chinadaily.com.cn/a/202003/08/WS5e64f4a8a31012821727d3e2.html 1 Quote Share this post Link to post Share on other sites
El Nikko + 2,145 nb March 9, 2020 41 minutes ago, BLA said: It has been known that China's banking system had extraordinary level of outstand credit/debt. The standard retort was the large cash reserves China accumulated buffered China against any financial problems. Last time I checked (last year) China's credit/debt was 330% of GDP. Hong Kong is 900% ! Since then China has slowed down. China went thru a tariff war, with $250 billion still bearing U.S. tariffs. Then of course the coronavirus. How much of their cash reserves gone down ? To battle the virus economic downturn the country has provided billions in easy credit. How big is the credit bubble now ? How big does it get ? My opinion . . . Expect World Banking crisis with China and Hong Kong as the epicenter. PS Europe banks never really properly re-capitalized from the 2008 financial crisis. Italy first to go down. I definitely think the EU will enter a recession this year, it looked likely before the 'virus' appeared. 1 1 Quote Share this post Link to post Share on other sites
ronwagn + 6,290 March 9, 2020 (edited) They have made no friends with conservative Americans. They have disclosed their leftist governments for what they are. Now they have to worry about their own conservatives taking over. Merkel has been a disaster IMHO. Macron as well. Their popularity rates are the lowest I have ever seen. https://www.express.co.uk/news/world/1245544/Angela-Merkel-CDU-Germany-poll-Hamburg-election-news-latest https://www.express.co.uk/news/world/1241143/emmanuel-macron-news-french-local-elections-lrem-mps-quit-french-president-poll-latest https://www.rt.com/news/482663-germany-thuringia-ramelow-afd-support/ Edited March 10, 2020 by ronwagn added reference Quote Share this post Link to post Share on other sites
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