Bigger Debt Problem: U.S. Subprime Or China’s Local Governments

Oh my… China is breaking down. Europe is slipping. And there goes the U.S. too…with stocks down 172 points on the Dow on Friday, closing out a 6th straight week of losses. Even if the U.S. holds itself together, there’s a good chance that either Europe or China will drag it down. The latest ...

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The Bigger Debt Problem: China’s Local Government Debt vs. US Subprime Debt ... problem. Subprime debt in the US never surpassed 10% of GDP. China's local governments have ...

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The Bigger Debt Problem: By Bill Bonner ... is worse than America’s subprime problem. Subprime debt in the US never surpassed 10% of GDP. China’s local governments ...

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Bigger Debt Problem: U.S. Subprime Or China's Local Governments

• China to Clean Up Toxic Local Government Debt? « naked capitalism


Many analysts see China’s pile of local government bad debt as a ... scale of the Chinese local government funding vehicle problem to US subprime ... banks would announce big ...