Seven years ago we were in Amsterdam airport departure lounge when the news came through that Lehman Bros would indeed go bust, which finally triggered the GFC (Global Financial Crisis).
James Headway, Chief Economist for the New Economics Foundation takes a look at what’s happening in China, and it’s scary.
China escaped by letting lending rip. Since then they have produced half the world’s growth. But in doing so they have created a giant property bubble, followed by a share market bubble. It looks like coming unstuck. Continue reading Will the bubble burst?