A Bubble (in China) That Would Make Greenspan Proud

Greenspan never saw a bubble he didn’t love. Well, apparently the Chinese feel the same way. This video expose will alarm you:

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March 29, 2011 - Posted by Brett | Econ Policy | Bubble, China

2 Comments »

I’m waiting for the inevitable Chinese consumer credit card debt crisis. China might repeat the Korean experience but at 100x more bad debt.

Comment by kamamer | March 30, 2011 | Log in to Reply
- I think you’ll be waiting a long time, the average Chinese person had never even seen a credit card up until recently, and most still don’t have access to one.
  
  In addition most expats working in the country use “bonded” credit card services from local banks which mean that they don’t have any borrowing behind them either.
  
  Comment by Nick Kellingley | March 31, 2011 | Log in to Reply

About

Brett Spurr has been on and around Wall Street since the age of 19, nearly half a lifetime ago. He helped make investment decisions for a $15 billion mutual fund complex. While locking horns with CEOs was fun, he now runs a personal financial planning firm helping individuals navigate their financial lives. Brett is a CERTIFIED FINANCIAL PLANNER ™ certificant and investment manager by day and a full-time geek who delights in debating all things financial or economic.

Karl Mamer is host of The Conspiracy Skeptic podcast, a 12-part look at conspiracies of today and the not too distant past. Karl is also the world’s greatest living proponent of Franglais. He also likes to bait Nigerian Bank Scammers and hosted his own podcast about teaching English in Seoul, South Korea. Karl lives in Toronto, Canada and works as a senior technical writer to pay the bills.

Julio Guardado is a former tech CEO who after surviving a tech start-up during the dot com bust decided to join the dark side and become an investment banker. While wining and dining CEO’s (we call it “locking horns”) is great, he enjoys getting inside their heads and companies even more. Julio also runs RV Investor, a web site that specializes in the recreational vehicle industry. Julio lives in Silicon Valley.

Jon Blumenfeld has been on and around Wall Street since 1989, as a trader and researcher in interest rates and their associated financial products. Most recently he was an Interest Rate Strategist at Bear Stearns and Co., where he was named to Institutional Investor Magazine’s All-America Fixed Income Research team for Interest Rate Derivatives in 2007.

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