Here down under in Australia, back in the 80's we had a high flying individual who managed to run up extreme debt levels only to end up owing billions as a failed bankrupt.
But during his time he did manage to coin a phrase that went, "If you owe the bank a million dollars you have a problem, however if you owe the bank a billion dollars then the bank has a problem".
I suspect in this instance China will turn out to be that bank.
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[ 2.7 ms ] story [ 10.8 ms ] threadBut during his time he did manage to coin a phrase that went, "If you owe the bank a million dollars you have a problem, however if you owe the bank a billion dollars then the bank has a problem".
I suspect in this instance China will turn out to be that bank.