iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,428 Blog Posts

China’s Banking System is a Lit Powder Keg

Stick around and it’ll blow your arms and legs clean off.

Here’s an old article from January of this year.

banks

Okay, you read it right? Bad loans are soaring in China, amidst the sharpest economic slowdown in 25 years.

Now watch this.

You tell me how this ends.

The noose is swinging from the gibbet waiting for a neck to wrap itself around.

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3 comments

  1. jpmorgains

    We’re -inexorably- fucked.

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  2. the dude

    The Chinese seem to be able to engage in all manner of egregious trickery to avoid the day of reckoning.

    $GDX is my hedge of choice. Yes, many will be hanging from the gibbet soon. Just not today.

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  3. chuck bennett

    It ends when someone goes to war. Nothing huge, just a skirmish.

    Regards

    Chuck Bennett

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