China’s banking system is just as Ponzian as the rest of the developed world, maybe worse. The next couple of months are a crunch zone: Watch this Reuters Insider video
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China to the rescue of European banks?
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Gary Shilling: 2012 recession likely
Gary Shilling, A. Gary Shilling & Company with a look at the excess inventory in housing and whether the U.S. is at risk of recession.
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ECRI: Leading indicators confirm US slipping into a recession
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As risk markets soar this morning on the latest news out of Europe, we should recall that the real story is not how they move the deck chairs around in Europe, the real story is the incoming recession. This clip … Continue reading
