China has experienced the third greatest credit bubble on record [INFOGRAPHIC]
Its bad in China even the biggest bulls will likely admit that – the question is how bad is it and that is a huge topic of debate. This infographic from Credit Suisse caught my attention – China has the third largest bubble ever and it far exceeds Japan’s massive bubble in the 80s. If the history of the first two are any guide this will not end well for China and with China having a GDP about 10x? Spain it will have a much bigger (and worse) impact on the global economy.
— CS Research (@csresearch) January 22, 2016