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May? Well do they have it or not? So sick of these clickbait nonsense. If you want to know why bloomberg and financial "news" is a joke and a waste of time. No

by qubax 8y ago

May? Well do they have it or not? So sick of these clickbait nonsense. If you want to know why bloomberg and financial "news" is a joke and a waste of time. Nobody in the industry takes them seriously. Only the masses who don't know better think this is news. Sept 2018 : "China’s Debt Bomb" https://www.bloomberg.com/quicktake/chinas-debt-bomb https://www.bloomberg.com/quicktake/chinas-debt-bomb Feb 2018 : "Sizing Up China’s Debt Bubble: Bloomberg Economics" https://www.bloomberg.com/news/articles/2018-02-08/sizing-up-china-s-debt-bubble-bloomberg-economics https://www.bloomberg.com/news/articles/2018-02-08/sizing-up... Nov 2017 : "China's Debt Surge May Increase Risk of Financial Crisis" https://www.bloomberg.com/news/articles/2017-11-21/china-s-debt-surge-may-increase-risk-of-financial-crisis https://www.bloomberg.com/news/articles/2017-11-21/china-s-d... Aug 2016 : "China’s Growing Debt Problem Isn’t Quite What It Seems" https://www.bloomberg.com/graphics/2016-china-debt/ https://www.bloomberg.com/graphics/2016-china-debt/ May 2015 : "China's Very High Mountain of Debt" https://www.bloomberg.com/news/articles/2015-05-08/china-s-very-high-mountain-of-debt https://www.bloomberg.com/news/articles/2015-05-08/china-s-v... Nov 2014 : "Distressed Debt in China? Ain’t Seen Nothing, DAC Says" https://www.bloomberg.com/news/articles/2014-11-20/distressed-debt-in-china-you-ain-t-seen-nothing-yet-buyers-say https://www.bloomberg.com/news/articles/2014-11-20/distresse... There's more but you get the idea. I guess eventually they'll be right. Wish they'd throw in a "ghost city" or some other china doom story for variety.

zeusk 8y ago
Well, the debt didn't just magically pile up in the last two years - it's just reaching alarming levels in tough times for the country (deleveraging, trade war, worsening international relations).
- qubax 8y ago
  I know. China was asked to increase their debt during the financial crisis. John Paulson flew there directly to ask them to leverage. I'm just pointing out the pathetic chicken little clickbaiting by bloomberg. As I said, it isn't news. It's just nonsense they created to sell you ads.
  - zeusk 8y ago
    Bloomberg's main source of income isn't ads, in fact they don't even have an anti-adblock script. They mainly make money from data feeds of financial markets and their terminal offering.

by qubax 8y ago

zeusk 8y ago

Well, the debt didn't just magically pile up in the last two years - it's just reaching alarming levels in tough times for the country (deleveraging, trade war, worsening international relations).

qubax 8y ago
I know. China was asked to increase their debt during the financial crisis. John Paulson flew there directly to ask them to leverage. I'm just pointing out the pathetic chicken little clickbaiting by bloomberg. As I said, it isn't news. It's just nonsense they created to sell you ads.
- zeusk 8y ago
  Bloomberg's main source of income isn't ads, in fact they don't even have an anti-adblock script. They mainly make money from data feeds of financial markets and their terminal offering.