Jim Edwards, Business Insider: How China accumulated $28 trillion in debt in such a short time
Bank of America Merrill Lynch became the most recent financial institution to start sounding scared about China’s debt.
While no one is panicking just yet, there sure are an increasing number of people — including analysts at UBS and Macquarie — who are talking about when it might be appropriate to consider panicking.
To recap, China’s total debt is about $28 trillion, or roughly half the world’s entire debt.
WNU Editor: China's economy has been the engine that has been driving the global economy for the past few years .... now we know how they have been able to do it. With the Chinese economy cooling down the repercussions from all of this debt are going to be severe .... commodity prices, currency stability, interest rates .... they are all going to be impacted. Bottom line .... the boom times are almost over.
Update: 46 Months Of Accelerating Deflation Mean Beijing Is Now Trapped (Zero Hedge).