You Can’t Build Prosperity On Mercantilism, Debt And Malinvestment—Why China’s Day of Reckoning Coming

And that is the question no one wants answered. Because a rapidly deflating shadow banking bubble in China will have knock-on effects across the entire world.  And Trump’s desire to ‘balance our trade with China’ as if a trade deficit is the only way to measure relative economic activity is only exacerbating the situation.