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Why the disaster in China could be exponentially worse than expected

From Mao Money, Mao Problems:

Back in December 2011, I wrote about the insane leverage ratio at the People’s Bank of China. The post generated a lot of buzz, but no one could actually answer the question of what happens when a central bank becomes insolvent.

We might get an answer to that question quicker than we expected. At current exchange rates, it will be one of the most expensive lessons in [...]

Brazil, the country that wised up and literally GAVE its poorest citizens money to spend just became a bigger more robust economy than the “conservative” Thatcher remnant economy of Great Britain which gave its millionaires money and took from the poor.

The Brazilian economy is still booming, despite the global economic slowdown

Brazil has become the sixth-biggest economy in the world, the country’s finance minister has said.

The Latin American nation’s economy grew 2.7% last year, official figures show, more than the UK’s 0.8% growth.

The National Institute of Economic and Social Research (NIESR) and other economic forecasters also said that Brazil had now overtaken the UK.

The Brazilian economy is now worth $2.5tn [...]

CLAIM: China’s Economy to Surpass U.S. Economy in 5 Years

From MarketWatch:

According to the latest IMF official forecasts, China’s economy will surpass that of America in real terms in 2016 — just five years from now.

Put that in your calendar.

It provides a painful context for the budget wrangling taking place in Washington, D.C., right now. It raises enormous questions about what the international security system is going to look like in just a handful of [...]

IMF: AGE OF AMERICA NEARS END

By Brett Arends, MarketWatch

BOSTON (MarketWatch) — The International Monetary Fund has just dropped a bombshell, and nobody noticed.

For the first time, the international organization has set a date for the moment when the “Age of America” will end and the U.S. economy will be overtaken by that of China.

And it’s a lot closer than you may think.

According to the latest IMF official forecasts, China’s economy will [...]

InvestmentWatch

Why the disaster in China could be exponentially worse than expected

CLAIM: China’s Economy to Surpass U.S. Economy in 5 Years

IMF: AGE OF AMERICA NEARS END

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