Throwing good money after bad -
My Comment: This will be a global collapse with Europe, Japan, and China in dire straits and the US not far behind. It's all about the DEBT.
China is facing a full-blown debt crisis with $8 trillion at risk as Xi Jinping eyes an unprecedented 3rd term
://www.msn.com/en-us/money/markets/china-is-facing-a-full-blown-debt-crisis-with-8-trillion-at-risk-as-xi-jinping-eyes-an-unprecedented-3rd-term/ar-AA131ejK?ocid=msedgntp&cvid=d3f1fd2365894f3296e333bdb9cc3586#image=AA130YVW|7
Excerpt:
Experts think Beijing will have to step in with a bailout as officials try to prevent an already-slowing economy from deteriorating further.
"To avoid major local dislocations or damage to overall economic recovery, the government is, in our view, still highly likely to intervene to support strategically important state-owned companies and prevent defaults that would trigger localized financial stress events," said Yating Xu, principal economist at S&P Global Market Intelligence.
