What Is It Good For?

In a classic case of procrastination, China has been keeping its massive debt crisis at bay by issuing more debt. However, Fitch's Charlene Chu, a leading expert on China's debt, thinks the country's time is up. "The credit-driven growth model is clearly falling apart," said Chu in a recent report.
It may not matter that China is willing to enter the drone market, if their economy is about to take a nose dive.  Of course, if that does happen, they will have a large population of young men, a lot of war materiel, and a need to distract their people from their economic situation.  All of which adds up to a frightening - yet tried and true - method of boosting their economy.

We live in interesting times.

No comments: