The New CS Board

[jumanji0881]

China's debt problem -

My comment: Debt may not be the catalyst for the next financial crisis, but it will be it's foundation (built on sand).

Analyst Lays Out China's "Doomsday" Scenario : http://www.zerohedge.com/news/2017-08-17/analyst-lays-out-chinas-doomsday-scenario
Excerpts:
So if Chu held the wildly outlier view nearly two years ago that China's NPLs amount to 21% of total, what is her latest estimate? The number is a doozy: in her latest report, Chu estimates that bad debt in China’s financial system will reach as much as Rmb51 trillion , or $7.6 trillion, by the end of this year, more than five times the value of bank loans officially classified as either non-performing or one notch above." That estimate implies a bad-debt ratio of 34%, orders of magnitude above the official 5.3% ratio for those two categories at the end of June.