Red Ponzi Update----Big Troubles Brewing Below Deck

Those figures belie warning signs elsewhere. More detailed data show weakening investment in infrastructure and less exuberant spending by China’s usually ebullient consumers. Private businesses complain that government efforts to tame debt have made it hard for them to borrow money. A tiny but growing number of Chinese companies have defaulted on their loans. The currency has lost some of its value. Chinese stocks are in bear market territory.

It may just get tougher from here.

 

https://www.nytimes.com/2018/07/15/business/china-economy-gdp.html?rref=collection%2Fsectioncollection%2Fbusiness&action=click&contentCollection=business&region=rank&module=package&version=highlights&contentPlacement=1&pgtype=sectionfront

David Stockman's Contra Corner is the only place where mainstream delusions and cant about the Warfare State, the Bailout State, Bubble Finance and Beltway Banditry are ripped, refuted and rebuked. Subscribe now to receive David Stockman’s latest posts by email each day as well as his model portfolio, Lee Adler’s Daily Data Dive and David’s personally curated insights and analysis from leading contrarian thinkers.