Is China approaching a financial crisis?
Submitted by gjohnsit on Fri, 07/22/2022 - 9:02pmAfter the 2008 crash many central banks enacted low and negative interest rates for any financial institution that could borrow directly from the central bank, or indirectly from those favored financial institutions. This cheap money spigot for the wealthy, to the tune of tens of trillions of dollars, never got turned off until this year, when inflation finally crept into the economy.