China: the biggest bubble in economic history – update

When we first wrote about triple zero financing, credit bubbles in the US, refinancing frenzy etc. most people thought we were just pessimistic by nature. Unfortunately, these excesses were not halted, but continued until they provoked a credit crisis in 2008. The consequences were disastrous, and pushed the global financial to the edge of complete meltdown....

Read the full article on Econoshock here.