IT's HAPPENING AGAIN, folks.

[elleng]

Toxic Loans Around the World Weigh on Global Growth.

'Beneath the surface of the global financial system lurks a multitrillion-dollar problem that could sap the strength of large economies for years to come.

The problem is the giant, stagnant pool of loans that companies and people around the world are struggling to pay back. Bad debts have been a drag on economic activity ever since the financial crisis of 2008, but in recent months, the threat posed by an overhang of bad loans appears to be rising. China is the biggest source of worry. Some analysts estimate that China’s troubled credit could exceed $5 trillion, a staggering number that is equivalent to half the size of the country’s annual economic output.

Official figures show that Chinese banks pulled back on their lending in December. If such trends persist, China’s economy, the second-largest in the world behind the United States’, may then slow even more than it has, further harming the many countries that have for years relied on China for their growth.

But its not just China.'>>>

http://www.nytimes.com/2016/02/04/business/dealbook/toxic-loans-in-china-weigh-on-global-growth.html?

Does anyone have a plan to address it?

[Wellstone ruled]

1. Watch for a collapse of certain

ETF's.

[nadinbrzezinski]

2. Go Watch "the Big Short."

It started in 2015 in the uS by another name. I probably should go watch that movie again, with a notebook. or just buy the dvd

[elleng]

4. Saw it, nadin,

which is why I posted. Ditto, I should see it again.

[annabanana]

3. An International "Jubilee"

(Like in Medieval times, all debts released)