Quote of The Day [Two For One]
"Bank lending in China today is higher then in the United States and its a smaller economy. We also have a credit bubble in China and their dilemma is if they would do the right thing, the economy would go into recession. So, they will postpone it like every other government will do and eventually you have a bursting of the bubble.
Now, will it happen in 3 months, 6 months, 9 months, 3 years? But that is the biggest threat to the global economy." ~Marc Faber his blog
"Obama-GOP tax deal costs $900 billion over two years. US kicking the can further down the road. Are bond vigilantes starting to wake up?" ~Nouriel Roubini his blog
Now, will it happen in 3 months, 6 months, 9 months, 3 years? But that is the biggest threat to the global economy." ~Marc Faber his blog
"Obama-GOP tax deal costs $900 billion over two years. US kicking the can further down the road. Are bond vigilantes starting to wake up?" ~Nouriel Roubini his blog