China DEFAULT & Potential for CURRENCY WAR

Investmentwatchblog.com
January 24th, 2014

Description:
“Everyone wants to borrow and no one wants to save,” warned one ‘salesperson’, “and loan repayments are difficult to recover.” There is “no money” and the doors are locked.
China Credit Trust Co. Ltd. (CCT) due to mature Jan 31st with $492 million outstanding, appears ready to go down in the record books.
Famous Report On Chinese Ghost Cities, Things Might Be Getting Even Worse
Top China Banks Triple Debt Write-Offs as Defaults Loom

This entry was posted on Friday, January 24th, 2014 at 12:06 pm and is filed under China, Economics. You can follow any responses to this entry through the RSS 2.0 feed.