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China's Evergrande Problem
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<blockquote data-quote="MenInBrown" data-source="post: 5007856"><p>the share of real estate and related industries as a percentage of Chinese GDP is 29%. That’s a big problem. Same thing would happen here. Even right now banks are over leveraged even more than 2008. US financial media will do the same thing they did for financial institutions in 2008. They will tell us everything is fine right up until the explosion. This will effect US in some way and that’s a fact.</p></blockquote><p></p>
[QUOTE="MenInBrown, post: 5007856"] the share of real estate and related industries as a percentage of Chinese GDP is 29%. That’s a big problem. Same thing would happen here. Even right now banks are over leveraged even more than 2008. US financial media will do the same thing they did for financial institutions in 2008. They will tell us everything is fine right up until the explosion. This will effect US in some way and that’s a fact. [/QUOTE]
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