Ambrose Evans-Pritchard: “BIS flashes red alert for a banking crisis in China”
September 18, 2016
I have been saying for some time that I am worried about external shocks from either Europe or China causing a recession in the US when our economy is growing at barely stall speed. This column from Ambrose Evans-Pritchard's reflects on the seriously alarming BIS analysis of Chinese debt. This recapitulates the theme that was hammered on by Prof. Michael Pettis in the Sept. 2 edition of Outside the Box.