Friday, March 28, 2014

BUT, BUT, THESE ARE GOVERNMENT-BACKED LOANS!!

I wonder if China's economy will be considered "too big to fail"?
H/T SDA

1 comment:

  1. It won't matter. There will come a time when the global economic bubble will be too big, no leverage left for any more Keynesian interventionism. The resultant credit contraction will make the 2008 credit crisis look like a summertime snow squall.

    ReplyDelete