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Soros Warns China Credit Cycle Has Gone 'Parabolic' Just To Keep Zombies Alive
Friday, April 22, 2016 8:57
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After warning last year of a ‘practically unavoidable’ hard-landing to come in China, George Soros unleashed his central-planner-crushing self last night on the great red ponzi. As we noted last night, Soros warned the ‘parabolic’ rise in credit is very worrisome, and ‘eerily reminiscent of US in 2007-8,’ specifically adding that ‘most of the money that banks are supplying is needed to keep bad debts and loss-making enterprises alive …. http://www.zerohedge.com
Source: http://luismmx.blogspot.com/2016/04/soros-warns-china-credit-cycle-has-gone.html
