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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: elmatador who wrote (127793)	1/9/2017 2:21:50 AM
From: John Pitera	1 Recommendation Recommended By ggersh Respond to of 217735

You are spot on that China keeps burning up their foreign currency reserves... and precisely right you are.... the reserves should be the funding source / collaborator for the internationalization for the RMB. The Chinese officials have been honest that for the past 2 years economic output in the country has been weakening, there is some concern that the actual China GDP might be running at half of what the Government has been stating.... There is a really massive debt bubble in China..... is it unwinding month by month as we watch and when do we reach the tipping point? reuters.com click on the orange line that says here at the bottom of the reuters articles for a pretty good graphic story of China and debt *China's Household and corporate debt has doubled in size compared to 2009....* *this has not occurred in Japan, the US and the Euro area.* anothe problem of unknown size is how larger (LGFV's) local government financing vehicles have grown and how much debt have they created.. there is no real way to quantify it. but as those of us who lived through Enron's off balance sheet financing vehicles and Citibank's 14 man London unit that blew up 3 Trillion in (SIV) Structured Investment Vehicles.... when you start to hear about these creative ways of concealing debt it so often ends in tears. JJP