Analyst Says China’s Credit Bubble Is Unlike Anything In Modern History (The shadow banking system is out of control)

china bubble 2

China, as we have written for quite a while (along with many others) is in serious trouble. Underpinning the “Chinese Dream” is piles and piles and piles of (likely bad) debt.

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The Air is a “Soup” of Pollution in Parts of China, State Capitalism Fail

china-pollution smog

I often hear that the USA is a horrible polluter. That we use all the energy, expand our carbon foot print, and so increase the risk of global warming for the rest of the world.

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Goldman Sachs Says China is Cooking the Books (And they should know)

China, as we’ve written many times before is the ultimate crony capitalist state. We’ve also said many times that one should be very weary of any official information coming out of China. The country has been slowing for 7 quarters. That we know. But it could be a bigger slowdown than many think.

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Inside China’s Iron Quadrangle, the Ultimate Crony Capitalist State Gets New (Old-Style) Management

Since President Obama was re-elected, it can be said that the most important shift in political power for the world in 2012 happened in Beijing. (Of course we still have a month and a half.)

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