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If you think that's terrible, this would be frightening. http://www.thestar.com.my/Business/Business-News/2015/10/10/If-you-think-Chinas-equity-bubble-is-scary
by sharetea 11y ago
If you think that's terrible, this would be frightening. http://www.thestar.com.my/Business/Business-News/2015/10/10/If-you-think-Chinas-equity-bubble-is-scary-check-out-bonds/?style=biz http://www.thestar.com.my/Business/Business-News/2015/10/10/...
"While an imminent collapse isn’t yet the base-case scenario for most forecasters, China’s 42.2 trillion yuan (US$6.7 trillion) bond market is flashing the same danger signs that triggered a tumble in stocks four months ago: stretched valuations, a surge in investor leverage and shrinking corporate profits. A reversal would add to challenges facing China’s ruling Communist Party, which has struggled to contain volatility in financial markets amid the deepest economic slowdown since 1990."
- toomuchtodo 11y agoI am now sufficiently frightened into making changes to my personal financial strategy based on this (no longer contributing additional funds to non-retirement investment accounts, instead directing those funds to paying off debt at a faster rate). Shit appears to be getting real shortly.