Credit tightening threatens China's 'giant Ponzi scheme'

08/11/2009 • Telegraph

The data raise fresh doubts about the strength of global trade and whether the world can rely on China's growth miracle to power recovery. Separately, the Baltic Dry Index – measuring freight rates for bulk goods – has tipped over, dropping 25pc since late July. The shipping figures buttress reports that China has stopped building up stocks of metals and other commodities after a spate of frantic buying over the early summer.

1 Comments in Response to Credit tightening threatens China's 'giant Ponzi scheme'

Comment by Lucky Red

Entered on: 8/12/2009 5:47:37 AM

You know, this really is a funny article...ha ha!

Here ye are, reporting on "China's Ponzi Scheme" when it is China, nontheless, who's financing the US and all of its wars of agression and expansionism as well as the bailout of the elite. Now, that's funny...stupid but funny.

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