Saturday 20July2013 - Opinion that Matters!

China defies IMF on mounting credit risk and need for urgent reform

If you think China's Communist Party fully understands the mess it has created by ramping credit to 200pc of GDP and running the greatest investment bubble know to man, read its shockingly complacent response to warnings from the International Monetary Fund.

Link to Ambrose Evans-Pritchard's column in the London Telegraph re the mounting credit risk in China.

http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/10186546/China-defies-IMF-on-mounting-credit-risk-and-need-for-urgent-reform.html

Saturday 20July2013 - Opinion That Matters!

The wheels are coming off the whole of southern Europe

Europe’s debt-crisis strategy is near collapse. The long-awaited recovery has failed to take wing. Debt ratios across southern Europe are rising at an accelerating pace. Political consent for extreme austerity is breaking down in almost every EMU crisis state. And now the US Federal Reserve has inflicted a full-blown credit shock for good measure.

Ambrose Evans-Pritchard of the London Telegraph lays out the facts as he sees them at the following web link.

http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/10172530/The-wheels-are-coming-off-the-whole-of-southern-Europe.html

Saturday 13July2013 - Dagwood's Take!

 

And for Golfers!