Comments on: Black Swan Chronicles: American-Style Credit Card Debt Default Starting In China http://blog.rebeltraders.net/2009/09/17/black-swan-chronicles-american-style-debt-starting-in-china/ Providing Stock Market Analysis and Economic Commentary without the Hype Tue, 27 Jul 2010 19:45:31 +0000 hourly 1 http://wordpress.org/?v=3.0 By: Free Mind http://blog.rebeltraders.net/2009/09/17/black-swan-chronicles-american-style-debt-starting-in-china/comment-page-1/#comment-12613 Free Mind Fri, 18 Sep 2009 05:35:14 +0000 http://blog.rebeltraders.net/?p=8886#comment-12613 Caldera, I was expressing indeed an opinion at that point. But the principle of irresponsible credit distribution to penniless people originates in the US, not in China. China is merely replicating the US phenomenon, albeit on a shortened scale. Caldera, I was expressing indeed an opinion at that point.

But the principle of irresponsible credit distribution to penniless people originates in the US, not in China.

China is merely replicating the US phenomenon, albeit on a shortened scale.

]]> By: Caldera http://blog.rebeltraders.net/2009/09/17/black-swan-chronicles-american-style-debt-starting-in-china/comment-page-1/#comment-12612 Caldera Fri, 18 Sep 2009 04:24:45 +0000 http://blog.rebeltraders.net/?p=8886#comment-12612 "Nice to see that the US have succeeded in exporting their irresponsible behavior to other countries." That's a bit opinionated, don't you think? Or did the news article have that exact quote? Or could this quote, "By June 30, China’s banks had issued 162.62 million credit cards, or 0.12 per person, up 32.9 percent from a year earlier," have more to do with the problem? “Nice to see that the US have succeeded in exporting their irresponsible behavior to other countries.”

That’s a bit opinionated, don’t you think? Or did the news article have that exact quote?

Or could this quote, “By June 30, China’s banks had issued 162.62 million credit cards, or 0.12 per person, up 32.9 percent from a year earlier,” have more to do with the problem?

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