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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 455.37

+3.1%

Feb 6 4:00 PM EST

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To: Hawkmoon who wrote (61949)	3/13/2010 6:02:30 PM
From: elmatador	2 Recommendations of 220087

Has China cheated death? magically making its debts disappear in 1997, thus avoiding Asian Meltdown? $287 billion in bad loans from state-owned banks in 1997. Shih estimates that about 25% of current outstanding loans—totaling $439 billion—will go bad. (For comparison, remember that in the aftermath of the 1997 currency crisis, the newly established asset management companies swallowed $287 billion in bad loans.) Can China cheat death once again making $439 billion bad loans disappear? If it can, it will be the third time China cheated death. First avoiding doing an USSR debacle with destructon of the old communist era and balkanization of the Soviet Empire. Second time 1997/98 when magically made its debts disappear . Third time is now when it "become the biggest risk to the world economy" siliconinvestor.com

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