DISQUS

duncanriley.com: Game Over.

  • gregorylent · 1 year ago
    great find, thanks
  • smbeebe · 1 year ago
    yikes! this is really bad news for us here in the USA...not liking our current situation at all...very uneasy!!
  • Dan · 1 year ago
    So of course I am out there looking for anything to cooberate this puppy, and there is nothing that I could find that would indicate that anyone else has picked this story up. Not on any of the major financial sites, checked MSN Money, Market Watch, Forbes, etc. Do you know if anyone else is picking this up, even market futures are up slightly, this is the kind of information that would drive market futures way down.
  • Mat Packer · 1 year ago
    I think there might be some interesting shifts in the worlds marketplaces coming shortly. I'm sure there will be further developments over night, will have to stay tuned I guess.
  • Shey · 1 year ago
    That quote is so true.

    Just wait till China starts dictating terms of repayment :/
  • Digital Biographer · 1 year ago
    Seems the Reuters source was not following the Chinese Party Line on that story - see latest update from Reuters ('UPDATE #3) http://www.reuters.com/article/asiaIpoNews/idUS... where the Chinese Banking Regulatory Commission refutes giving these instructions.

    Still pretty scary if you're a US banker (or are a taxpayer with a mortgage).
  • mathewballard · 1 year ago
    We are not becoming Communist. People are just over reacting.
  • Shey · 1 year ago
    I think they meant that in terms of the economy -- and I also think it's a valid point.
  • Prophasi · 1 year ago
    It's a long way to go to get to actual Communism, but it's a matter of degrees. People are certainly deceiving themselves, though, if they think this was the watershed event that broke the barriers; you can look to Social Security, welfare, Medicare, and highly progressive tax rates for that. Communism is all about wealth redistribution, and those are the American strongholds of it.
  • Prophasi · 1 year ago
    Interesting timing to note that "Communist China is hurtling towards capitalism" just as all Chinese banks were ORDERED not to lend to borrowers of their choice.