The Red Ponzi’s Good Luck Club—Heading For A Hard Landing?

With all of that in mind, Edwards asks whether China is “running out of luck.”

“China’’s policymakers are regarded as having had a very ‘good’ crisis in 2008 [and] since then, naysayers, such as myself, have been consistently wrong in projecting that policymakers would lose control and that a grotesque credit bubble would burst and lay the economy low”, Albert concedes, before saying the tide may be turning for the naysayers.