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Not in the same way. The US has had credit collapses before, and has relatively robust institutions to deal with it. Robustness that has developed through majo
by Quarrel 7y ago
Not in the same way.
The US has had credit collapses before, and has relatively robust institutions to deal with it. Robustness that has developed through major crashes.
This is largely true of most developed economies as well.
China's credit bust will be epic - epicly bad, both for China and the rest of the world, but mostly for the Chinese people.