New Posts For Thread: China losing controlhttps://community.betfair.com/chit_chat/go/thread/view/94038/30560391/china-losing-controlThis is taking can kicking to a whole new level!"The debt to GDP ratio has already doubled to 260pc since 2007, reaching $26 trillion, more than the US and Japanese commercial banking systems combined.Credit is stretched to dangerous levels and is loand the most likely scenario in my view is that the whole system slowly collapses under debt and increasingly ridiculous efforts to achieve growth: the holy grail that has the minor downside of ultimately depleting all of our planet's resources and phttps://community.betfair.com/chit_chat/go/thread/view/94038/30560391/china-losing-control?post_id=545688971#545688971and the most likely scenario in my view is that the whole system slowly collapses under debt and increasingly ridiculous efforts to achieve growth: the holy grail that has the minor downside of ultimately depleting all of our planet's resources and pWed, 29 Jul 2015 09:32:51 -0500Flippancy is fine!I kind of agree, although it's obvious that you know more about this than I do. I've been saying for a while that the economic problems currently faced by the developed world are solvable if humanity can show the maturity required thttps://community.betfair.com/chit_chat/go/thread/view/94038/30560391/china-losing-control?post_id=545688427#545688427Flippancy is fine!I kind of agree, although it's obvious that you know more about this than I do. I've been saying for a while that the economic problems currently faced by the developed world are solvable if humanity can show the maturity required tWed, 29 Jul 2015 09:00:34 -0500Sorry. Being flippant.Pensions - if I get any state pension, I'll treat it as a bonus. The current system, whereby oldies spend all their National Insurance contributions on paying themselves working-age benefits, then use young people's NI contributhttps://community.betfair.com/chit_chat/go/thread/view/94038/30560391/china-losing-control?post_id=545685513#545685513Sorry. Being flippant.Pensions - if I get any state pension, I'll treat it as a bonus. The current system, whereby oldies spend all their National Insurance contributions on paying themselves working-age benefits, then use young people's NI contributWed, 29 Jul 2015 03:23:38 -0500"Prediction is very difficult, especially if it's about the future." --Nils Bohrhttps://community.betfair.com/chit_chat/go/thread/view/94038/30560391/china-losing-control?post_id=545685455#545685455"Prediction is very difficult, especially if it's about the future." --Nils BohrWed, 29 Jul 2015 03:06:30 -0500Cheers, SFBTW. I had just drafted a post asking for that sort of breakdown!How concerned are you about the whole debt situation? I hadn't even considered China before today, but I'm hugely pessimistic about, say, the UK's situation. I just feel thathttps://community.betfair.com/chit_chat/go/thread/view/94038/30560391/china-losing-control?post_id=545683335#545683335Cheers, SFBTW. I had just drafted a post asking for that sort of breakdown!How concerned are you about the whole debt situation? I hadn't even considered China before today, but I'm hugely pessimistic about, say, the UK's situation. I just feel thatTue, 28 Jul 2015 19:30:54 -0500Mid-2014 figures for China debt to GDP ratios:G'ment 55%Banks etc. 65%Non-financial corporate 125% Household 38%________________Total 282%It's the colossal "non-financial corporate" debt which illustrates the flimsiness of the Chinese miracle. In couhttps://community.betfair.com/chit_chat/go/thread/view/94038/30560391/china-losing-control?post_id=545682753#545682753Mid-2014 figures for China debt to GDP ratios:G'ment 55%Banks etc. 65%Non-financial corporate 125% Household 38%________________Total 282%It's the colossal "non-financial corporate" debt which illustrates the flimsiness of the Chinese miracle. In couTue, 28 Jul 2015 18:19:05 -0500Patra The Cat:Always important to read the small print. That 31.7% figure is for 2012. And it covers only public debt.The whole problem is the vast mess of unperforming municipal loans, shadow banking and margin trading which has sent Chinese shareshttps://community.betfair.com/chit_chat/go/thread/view/94038/30560391/china-losing-control?post_id=545681785#545681785Patra The Cat:Always important to read the small print. That 31.7% figure is for 2012. And it covers only public debt.The whole problem is the vast mess of unperforming municipal loans, shadow banking and margin trading which has sent Chinese sharesTue, 28 Jul 2015 16:53:43 -0500You can`t help but feel it`ll all end in tears.https://community.betfair.com/chit_chat/go/thread/view/94038/30560391/china-losing-control?post_id=545680447#545680447You can`t help but feel it`ll all end in tears.Tue, 28 Jul 2015 14:43:14 -0500.....Chinese Ponzi .....masquerading as economic miracle........running out of cheap money......print (create with the click of a button) more please central planners.............cos as we all know.....you can't taper a Ponzi scheme......in China...ohttps://community.betfair.com/chit_chat/go/thread/view/94038/30560391/china-losing-control?post_id=545679893#545679893.....Chinese Ponzi .....masquerading as economic miracle........running out of cheap money......print (create with the click of a button) more please central planners.............cos as we all know.....you can't taper a Ponzi scheme......in China...oTue, 28 Jul 2015 14:00:40 -0500http://www.scotgoldresources.com.au/https://community.betfair.com/chit_chat/go/thread/view/94038/30560391/china-losing-control?post_id=545678897#545678897http://www.scotgoldresources.com.au/Tue, 28 Jul 2015 12:47:04 -0500