You are viewing:-
you're reading...
1.Market Observations, 8.Was Sticky

24 July 2017 (AFR) – Why the crisis prediction industry is wrong on China

(24 July 2017, AFR, p22, by Mark Tinker)

‘This month marks the 20th anniversary of the Asian financial crisis, while this year is the 10th anniversary of the global financial crisis and the 30th anniversary of the 1987 crash, so naturally the crisis prediction industry has been eager to predict this year’s crash. Most appear to have settled on China as the likely source of global instability, focusing on a misleading figure for debt to gross domestic product and obsessing that any slowdown in GDP will precipitate a banking crisis and some sort of 1997 financial meltdown.’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

Advertisements

About robertbrain

Brainy's Share Market Toolbox. Read the honest truth about the sharemarket. Develop or fine tune your investing/trading strategies using share price charts (technical analysis), or learn about the investment strategies of others. Melbourne (Australia) based - supporting share market investors and traders to build wealth through smarter investing using my Share Market Toolbox arsenal of weapons to tackle the market.

Discussion

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: