tag:blogger.com,1999:blog-7713394782406533224.post2365285501757702407..comments2024-03-29T00:07:09.063-04:00Comments on IICS: Chinese Steel Mills Still Running At LossLZhttp://www.blogger.com/profile/05082516166181943903noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-7713394782406533224.post-16154957593322835112015-10-08T04:48:48.327-04:002015-10-08T04:48:48.327-04:00SCMP has a new article today about the Chinese bon...SCMP has a new article today about the Chinese bond bubble that you'd like.<br /><br />These people are just going to increasingly irrational assets - first overpriced property, then useless remote property, then fake businesses, and now low-cov loans to bankrupt companies and local governments. It is as if the madness never ends!<br /><br /><br />But I think the speed with which they flop from one asset to the next is so great that it is representing a conflagration of the monetary system. This is deeper than just too much liquidity, I think this is indicative of a loss of confidence in money itself. I'd love to say the end game is near (how could it not be?), but thus far I've been wrong for 4 years and counting.<br /><br />http://www.scmp.com/business/markets/article/1865156/chinas-bond-market-bubble-may-be-unsustainableAnonymousnoreply@blogger.com