China's Crisis Similar to U.S. Savings & Loan Crisis of the 1980s


Google Translated Link: Lessons for China from the U.S. Savings & Loans Crisis

It is a presentation by Hao Jiang of Cantor Fitzgerald. He makes the case that the parallel for China's current situation is the U.S. savings & loan crisis of the early 1980s, with some similarities such as interest rate deregulation and real estate speculation.

There are a lot of graphs at the link and it's very long, so I'm not going to cut and paste the text. Google Translate seems to get the gist across and there's charts to help explain the points.

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