China Is Crashing … As Predicted....Big Bubble Brutally Bursts … Bringing Bankruptcies, Bond Busts

The head of China’s sovereign wealth fund noted in 2009: “both China and America are addressing bubbles by creating more bubbles”.

He’s right …

Global credit excess is worse than before the 2008 crash.

The U.S. and Japan have been easing like crazy, but – as Zero Hedge notes – China has been much worse:
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