Outstanding loans for companies and households stood at a record 207 percent of gross domestic product at the end of June, up from 125 percent in 2008, data compiled by Bloomberg show. via China’s Debt-to-GDP Ratio Just Climbed to a Record High – Bloomberg Business.
Category Archives: International Relations
Saudi Arabia borrows $4B as oil price reality hits home
Wow. The Saudis once had literally more money than they could spend. I believe I once read a figure of generating something like $600 million a day from oil exports. Saudi Arabia has borrowed $4bn from local markets in the past year, selling its first bonds for eight years as part of efforts to sustain highContinue reading “Saudi Arabia borrows $4B as oil price reality hits home”
Greece needs debt relief far beyond EU plans: secret IMF report | Reuters
IMF’s analysis of Greek debt sustainability is getting a little coverage now. “The dramatic deterioration in debt sustainability points to the need for debt relief on a scale that would need to go well beyond what has been under consideration to date – and what has been proposed by the ESM,” the IMF said, referringContinue reading “Greece needs debt relief far beyond EU plans: secret IMF report | Reuters”
Chinese stock market crash: Experts split on Beijing’s next move
The name People’s Republic of China is starting to seem increasingly ironic. A WEEK after news broke of China’s monumental stock market crash, stories of suicides and the role the country’s shady underground banking system may have played in the catastrophe have begun to emerge. via Chinese stock market crash: Experts split on Beijing’s next move.
Russia is top threat to national security, US general says – BBC News
Seems a bit hawkish. “So if you want to talk about a nation that could pose an existential threat to the United States, I’d have to point to Russia.” via Russia is top threat to national security, US general says – BBC News.
QuantumTom 