Tag Archives: debt trap
The Fastest Way to Escape a Debt Trap
Borrowing money and spending it can be fun. Certainly more fun than saving and paying down debt. Not only that, borrowing money’s much easier too. Saving takes prudence, discipline, and hard work. Running up the credit card takes none of … Continue reading
Posted in Government Debt, MN Gordon
Tagged asian economies, china, construction boom, debt trap, stimulus
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China’s Concrete Problem
There’s always something fascinating going on when it comes to the economy. Take China, for instance. According to the International Monetary Fund, and the notion of purchasing power parity, they’re the world’s largest economy. Nonetheless, they’ve started the year off … Continue reading
Posted in Government Debt, MN Gordon
Tagged china, china's exports, china's imports, chinese trade, concrete, debt trap, people's bank of china
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