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So you know, everyone points out Greece’s default record, but the history of a lot of sovereign nations is not a good one when it comes to lending them money.

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James Chanos

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What people don’t realize is that China papered over its last two credit bubbles, those in 1999 and 2004. The banks were never bailed out – they just exchanged their bad loans for questionable bonds from quasi-state organizations.

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If you’re ringing my doorbell eight times every three minutes and hiding behind my garbage cans, I will call the police. That is literally harassment.

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May 2, 2024

If you’re ringing my doorbell eight times every three minutes and hiding behind my garbage cans, I will call the police. That is literally harassment.

Previous

May 2, 2024

What people don’t realize is that China papered over its last two credit bubbles, those in 1999 and 2004. The banks were never bailed out – they just exchanged their bad loans for questionable bonds from quasi-state organizations.

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