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Strategies & Market Trends : Currents of Currency

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From: Ahda	6/16/2014 11:08:32 AM
	of 594

Forget the currents we are looking at tidal waves . We have to make this stuff stick or an erosion in currency could wipe us all out ---pass the super glue. HONG KONG (Reuters) - The Chinese corporate bond market has overtaken the United States as the world's biggest and is set to soak up a third of global company debt needs over the next five years, according to rating agency Standard & Poor's, underscoring the growing risk China's debt market is imposing on the global financial system. Chinese corporate borrowers owed $14.2 trillion (8.37 trillion pounds) at the end of 2013 versus $13.1 trillion owed by U.S. corporations with the switch in rankings taking place a year earlier than it had expected, S&P said on Monday.

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