I am sure he doesn’t have a bone to pick or a book to talk up, being that he’s the author of a book called “THE COMING COLLAPSE OF CHINA.”
That being said, Chang posits China’s debt bubble is insurmountable and the best indicator of growth, Chinese electricity consumption increased by just 0.5% last year.
Maybe the Chinese are eating their dog sandwiches in the dark? You never can tell.
-Beginning stages of collapse
-Chinese monetary easing and stimulus not helping
-They’re flooding economy with money to keep government sponsored companies afloat
-They’re out of tools
Fucked. In the streets.
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He certainly has an advantage in talking about China rather than somewhere else. Chinese GDP could be negative, or it could be 6%. And there’s no way you know which one is right unless you are high up in the Chinese government. China is so closed off and opaque that he can make up anything he wants.
Please for the sake of the these hallowed halls ban this fucking moron. It is a stain. Seriously.
Feels like something big about to happen in a few hours, mmm hmm.
Really just kind of drunk lol.
But $SSEC is about to shit something nasty methinks, either way.
j/k it will be Europe
We have Peter Schiff and they have Gordon Chang.
It continues to be the Best Year Ever. Still worried about ECB meeting. I think us Bears will always shake when central banks meet, us bears have been so beaten up by them. For China, I tried to warn how truly ugly it was, but nobody cared.
Good on you…
But are you hitting new equity highs?