Tag Archives | sub-prime

China: Half Of All Loans Collateralised By Land, Real Estate

By John Richardson

BEN Bernanke, who as at that time chairman of the Fed, warned in July 2007 that the cost of the US sub-prime crisis would amount to $100bn.

To be honest, we struggled to find a final estimate …

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BBC: “How China Fooled The World”

By John Richardson

FOR the last three years, the blog has been asking people to challenge the consensus view of China.

We have often been accused of being pessimistic for the sake of pessimism. This misses the point. Our point …

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