China Can’t Sustain Its Debt-Fueled Binge, Moody’s Says
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Re: China Can’t Sustain Its Debt-Fueled Binge, Moody’s Says
#2Slightly off-topic, but in 2011 when Moody's downgraded the US credit rating, we all were saying "well, Moody's is feeling a bit moody".
The US continued to struggle in fits and spurts in some industries. But lately, it has been all "risk-on" for most traders.
We have been through a few "asian asset bubbles" before. Whether this is the big one is anybody's guess, but sometimes the broken doomsday clock gets the time right.
Re: China Can’t Sustain Its Debt-Fueled Binge, Moody’s Says
#3My countries economy is very closely tied to Chinas. I wonder what a Chinese financial crisis would look like here.
Re: China Can’t Sustain Its Debt-Fueled Binge, Moody’s Says
#4My countries economy is very closely tied to Chinas. I wonder what a Chinese financial crisis would look like here.
Like a local financial crisis.
On the plus side, tier 1 cities are going to cool off (real estate price wise) if a lot of Chinese money gets burned up instead of outflowed.
Re: China Can’t Sustain Its Debt-Fueled Binge, Moody’s Says
#5Slightly off-topic, but in 2011 when Moody's downgraded the US credit rating, we all were saying "well, Moody's is feeling a bit moody". The US continued to struggle in fits and spurts in some industries. But lately, it has been all "risk-on" for most traders. We have been through a few "asian asset bubbles" before. Whether this is the big one is anybody's guess, but sometimes the broken doomsday clock gets the time…
That was S&P. It coincided with the SEC and the Justice Department investigating them for fraudulently overrating mortgage back securities.
Re: China Can’t Sustain Its Debt-Fueled Binge, Moody’s Says
#6What about the US's debt-fueled government? Sustainable?
Re: China Can’t Sustain Its Debt-Fueled Binge, Moody’s Says
#7What about the US's debt-fueled government? Sustainable?
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Re: China Can’t Sustain Its Debt-Fueled Binge, Moody’s Says
#8What about the US's debt-fueled government? Sustainable?
US debt to GDP ratio is half that of China, not claiming the trend is sustainable but that (at least according to Moody's) China is more at risk of a runaway debt-spend crisis than the US is.
Re: China Can’t Sustain Its Debt-Fueled Binge, Moody’s Says
#9I hope China can continue their development of high-speed rail. They have about 12,000 miles of track, more than the rest of the world combined, and they should have almost 30,000 miles by 2030. They are trying to improve the performance:
https://www.rt.com/business/387089-china-high-speed-trains/
They are continuing to maglev trains too:
https://www.nextbigfuture.com/2017/05/more-high-speed-rail-a...
Hopefully, it will encourage other countries to widely adopt the technology.
Re: China Can’t Sustain Its Debt-Fueled Binge, Moody’s Says
#10What about the US's debt-fueled government? Sustainable?
US debt to GDP ratio is half that of China, not claiming the trend is sustainable but that (at least according to Moody's) China is more at risk of a runaway debt-spend crisis than the US is.
Consider, too, China's less-favorable demographic profile [1].
[1] http://i1.itc.cn/20140702/2be8_38e3d3f0_51f7_95e6_f762_a7064...
