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Trump, the Dragon, and the Minotaur – Project Syndicate op-ed

28/11/2016 by

 

Screen Shot 2016-11-28 at 18.31.37.pngATHENS – If Donald Trump understands anything, it is the value of bankruptcy and financial recycling. He knows all about success via strategic defaults, followed by massive debt write-offs and the creation of assets from liabilities. But does he grasp the profound difference between a developer’s debt and the debt of a large economy? And does he understand that China’s private debt bubble is a powder keg under the global economy? Much hinges on whether he does… [To read on click here]

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