Good ideas and conversation. No ads, no tracking. Login or Take a Tour!
user-inactivated · 3436 days ago · link · · parent · post: China curbs IPOs, enlists brokers in all-out bid to end market rout
Pretty much seems like China's m.o. I wonder what the hell is gonna happen to Venezuela.It seems strange how the government is so vocally taking a stand in a battle they cannot win. To do so only makes it look like their influence over the economy is more limited.
They have big debt payments due in October if I remember correctly. I wouldn't be surprised if they defaulted then. They'd likely be joining Greece, Ukraine, and Puerto Rico as sovereign (or semi-sovereign) nations in default. I"m concerned we're rushing headlong into the sovereign debt crisis that we seemed perpetually "on the brink of" in 2012.