A financial assembly line that went haywire a decade ago and contributed to an economic crisis is gearing up again […]
U.S. Housing Market Firesales Could Trigger Another Financial Crisis
By: Mike_Whitney Ask your average guy-on-the-street ‘what caused the financial crisis’, and you’ll either get a blank stare followed by […]
Shadow banking bolsters China Inc as Beijing tightens credit
Shadow banking bolsters China Inc as Beijing tightens credit ReutersReuters – 2 hours 42 minutes ago By Samuel Shen and […]
Purple Palace Abandoned Shows China Shadow-Banking Risk
Niu Dianqing stopped his motorbike at a construction site in China’s Inner Mongolia one morning last month. The front door […]
China Credit Squeeze Prompts Suicides
From Bloomberg News site, Hours after a creditor and his gang of tattooed thugs hustled Zhong Maojin into a coffee […]
Chinese city takes big step toward regulating private loans
From Reuters, (Reporting by Fayen Wong; Editing by Kim Coghill) The Chinese city of Wenzhou, an entrepreneurial city in the eastern […]