Sep 05

China’s Central Bank Chief Admits “The Bubble Has Burst” (ZeroHedge, Sep 5, 2015):

In a stunningly honest admission from a member of the elite, Zhou Xiaochuan, governor of China’s central bank, exclaimed multiple times this week to his G-20 colleagues that a bubble in his country had “burst.” While this will come as no surprise to any rational-minded onlooker, the fact that, as Bloomberg reports, Japanese officials also confirmed Zhou’s admissions, noting that “many people [at the G-20] expressed concerns about the Chinese market,” and added that “discussions [at the G-20 meeting] hadn’t been constructive” suggests all is not well in the new normal uncooperative G-0 reality in which we live.

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One Response to “China’s Central Bank Chief Admits “The Bubble Has Burst””

  1. Marilyn Gjerdrum Says:

    The bubble? They have bubbles upon bubbles…….it is just starting.
    Zero Hedge covers it well in the article titled spinning plates.

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