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When Your Upkeep Threatens Your Downfall—Red Ponzi Now Spends 18% Of GDP On Interest

Summary:
Think China's new "proactive" fiscal policy shigt will be sufficient to kick start the local economy, and boost global GDP? Think again. In the latest analysis from Vertical Group's Gordon Johnson, the strategist writes "that China's proactive fiscal policy pledge could fall short as servicing its existing credit stock absorbs an increasing share of GDP." https://www.zerohedge.com/news/2018-07-30/record-18-chinas-gdp-goes-debt-service

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Think China's new "proactive" fiscal policy shigt will be sufficient to kick start the local economy, and boost global GDP? Think again.

In the latest analysis from Vertical Group's Gordon Johnson, the strategist writes "that China's proactive fiscal policy pledge could fall short as servicing its existing credit stock absorbs an increasing share of GDP."

https://www.zerohedge.com/news/2018-07-30/record-18-chinas-gdp-goes-debt-service

David Stockman
David Alan Stockman (born November 10, 1946) is a former businessman and U.S. politician who served as a Republican U.S. Representative from the state of Michigan (1977–1981) and as the Director of the Office of Management and Budget (1981–1985) under President Ronald Reagan.

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