Category Archives: China

The Two Trillion Dollar Meltdown

I am reading the 2008 book by Charles Morris, “The Trillion Dollar Meltdown: Easy Money, High Rollers, and the Great Credit Crash.” He is publishing in February 2009 a revised paperback edition called “The Two Trillion Dollar Meltdown.” I can’t … Continue reading

Posted in China, Citigroup, Countrywide, Credit Cards, credit default swaps, Credit Line, credit scores | Tagged , , , , , , , , , , | Comments Off on The Two Trillion Dollar Meltdown

The People’s Bank Of China Warns About Mortgage Risk

Here’s a report from Hong Kong: The risk of defaults on personal mortgages remains manageable for Chinese banks in the short term but a close eye needs to be kept on the market as home loans are eating up an … Continue reading

Posted in China | Tagged , , , , , | Comments Off on The People’s Bank Of China Warns About Mortgage Risk