I love the Peter Shiff nitwits who say our market is over regulated, but then sing the praises of China. while we debate mark to market, it is still illeagal to simply short a stoc I china.

/not amused

default by any other name

FTFA: Tightening of interbank liquidity could put pressure on stock market performance," UBS China Strategist Li Chen wrote to clients in a report.

Provincial borrowers defer loan payments
(new window)

"Although the China Banking Regulatory Commission has recently eased loan restrictions to help liquidity, recent supply has been increasing, causing the secondary market to pay attention to systemic risks," they wrote. "The credit quality of recent financing vehicle bonds continues to get weaker."

When the defaults begin in the shadow lending system, everyone will want their money back at once. Falling property prices are death to the Chinese system.

this is an old point for chinese stocks?

I'm just waiting for the inevitable bubble to burst in China. It's not going to be pretty.

Mrtraveler01: I'm just waiting for the inevitable bubble to burst in China. It's not going to be pretty.

It's a good thing we're so dependent on them to make most of our shiat.

davidphogan: Mrtraveler01: I'm just waiting for the inevitable bubble to burst in China. It's not going to be pretty.

It's a good thing we're so dependent on them to make most of our shiat.

Hence the not going to be pretty part.

I think it could get real ugly on a political level as well as an economic level. Hope I'm wrong though.

dforkus: I love the Peter Shiff nitwits who say our market is over regulated, but then sing the praises of China. while we debate mark to market, it is still illeagal to simply short a stoc I china.


Schiff is such a perfect example of this. Day in and day out he harps on about how terrible the banks are and all these risks they take with other people's money, and how it needs to be stopped.

Yet then the next thing out of his mouth is how there is too much regulation. Dumb4ss, how do you think you prevent these banks from taking risks in the first place? I'll give you a hint, it rhymes with "egulation" and starts with an "r".