China in crisis? Another credit crunch in the West is far more likely

China in crisis? Another credit crunch in the West is far more likely
China bears predict that the current issues will deepen, turning into troubles similar to those that caused the financial crisis of 2008-09. I do not think this will be the case. In the past … Italy, for example, has debts equal to 102pc of its …
Read more on Telegraph.co.uk

The Shipping News Says the World Economy Is Toast
In October 2008, as the repercussions of the financial crisis were starting to ripple through the global economy, I noticed a press release from Swedish truckmaker Volvo saying that its European order book had fallen by more than 99 percent between the …
Read more on Bloomberg View

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