"How China fooled the world" debt 200% of GDP

Voyager2002

More on this in the Financial Times:
http://www.ft.com/intl/cms/s/2/a123375a-d774-11e3-a47c-00144feabdc0.html#axzz34npbkKrP

(The article is behind a pay wall, but you can get free access to a certain number of articles each month: sign up, but no need for payment information.)

TickersPlaysPop

Mark Carney had China on his top 5 risks to the UK economy.... if China does go very badly wrong, how bad could it be?.... Would it tip Europe back into crisis?... Would we see bank freezes?

I have some cash available and it would be awesome to drop some of it into the stock market if it dives again. So it would be very frustrating if the bank doesn't give me access to my money.

It is Santander.... who I am sure have aggressively taken a large share in the UK retail banking market to indirectly capitalise/ strengthen their Spanish operation.... But they claim it is all completely separate.... Yeah right!

Thrugelmir

TickersPlaysPop wrote: »

It is Santander.... who I am sure have aggressively taken a large share in the UK retail banking market to indirectly capitalise/ strengthen their Spanish operation.... But they claim it is all completely separate.... Yeah right!

Santanders real strength is in Latin America. They've been realigning their UK business for some time, away from consumer to business lending.

antrobus

TickersPlaysPop wrote: »

...It is Santander.... who I am sure have aggressively taken a large share in the UK retail banking market to indirectly capitalise/ strengthen their Spanish operation.... But they claim it is all completely separate.... Yeah right!

Santander UK plc is a separately capitalised operation, with its own UK banking licence. You can check and see that the UK business actually has a better rating than its owners.

Santander UK
http://www.santander.co.uk/uk/about-santander-uk/investor-relations/credit-ratings/

Banco Santander
http://www.santander.com/csgs/Satellite?appID=santander.wc.CFWCSancomQP01&c=GSInformacion&canal=CSCORP&cid=1278677207125&empr=CFWCSancomQP01&leng=en_GB&pagename=CFWCSancomQP01%2FGSInformacion%2FCFQP01_GSInformacionDetalleSimple_PT08

TickersPlaysPop

Any updates on China that people have noticed recently?

I seem to remember a headline mentioning bond yields close or threatening to not yield expected amounts... or even defaulting? Did this happen?

I feel like China is hiding major problems and it will get to the point of a catastrophic event.... which will make the world wobble... Europe could tip back into crisis or weakness leading to ' more Europe'.... and interest rates .... well... Who knows?...

Thrugelmir

TickersPlaysPop wrote: »

Any updates on China that people have noticed recently?

I seem to remember a headline mentioning bond yields close or threatening to not yield expected amounts... or even defaulting? Did this happen?

I feel like China is hiding major problems and it will get to the point of a catastrophic event.... which will make the world wobble... Europe could tip back into crisis or weakness leading to ' more Europe'.... and interest rates .... well... Who knows?...

HSBC's PMI index suggests that China's manufacturing base may actually be contracting. As the index is in negative territory.

ManAtHome

TickersPlaysPop wrote: »

I feel like China is hiding major problems... ...Europe could tip back into crisis or weakness

Don't think Europe or most of the 'richest nations in the world' (G7 - always gives me a laugh) need much 'help' from China... And if China weren't hiding major problems, would hardly be on their own, but probably won't be the first to pop.

masterwilde

ok have read this thread and there is a major thing you are all missing.

China has gold, more than any other nation in the world. China has massive amounts of money coming from the USA every week in the form of debt payments.

China has Russia sending large amounts of money every month in the form of debt repayment.

Both the USA and Russia send this money in the form of gold.

China if it so wished could crash the US economy any day it wanted by crushing the Dollar and recalling its full debt that the USA has failed to pay back multiple times.

China has secured major contracts globally in the last 4 years for every basic resource, most recent being the russian oil pipeline deal.

China has Australia, New Zealand, Russia, Britain, Japan and other nations paying them direct in Yuan rather than US dollar. Positioning their own currency against the US Dollar which they in effect control.

TickersPlaysPop

Thank you masterwilde

Now that is the one of the few posts that has made sense to me. I have always had a suspicion that we are now all slaves to China w.r.t. the soverieign debt many counties have. Is was one of the only places all the bail out money could have came from during the 2008 crash.

Did a significant amount of money not come from the international bank fund or what ever it is called?

TickersPlaysPop

Also when I read that a Chinese company purchased a water utility company here in the UK it made me shudder.