{"id":26487,"date":"2017-10-05T07:08:17","date_gmt":"2017-10-05T12:08:17","guid":{"rendered":"http:\/\/olduvai.ca\/?p=26487"},"modified":"2017-10-05T07:08:17","modified_gmt":"2017-10-05T12:08:17","slug":"the-sum-of-all-fears-and-a-few-related-charts","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=26487","title":{"rendered":"The Sum of All Fears…..and a few related charts……"},"content":{"rendered":"

The Sum of All Fears…..and a few related charts……<\/a><\/h3>\n

Today, I’d like to take some time to revisit a couple of related topics that we first started discussing a few years ago. I am, of course, referring to the burgeoning increases in China’s Debt levels, Shadow Bank Assets (loans) and M2, along with a high-level analysis of the most recent PBOC Financial Stability Report <\/a>and FSB Global Shadow Bank Monitoring Report<\/a>. (No!….please don’t click this page closed….I promise this will eventually get interesting…)<\/em><\/p>\n

As a starting point, let’s begin by reviewing the February, 2015 McKinsey report\u00a0\u00a0Debt and (not much)\u00a0Deleveraging<\/em>\u00a0<\/a>. \u00a0I first referenced the report in this blog in\u00a0March of 2015<\/a>. The report focused on the world’s, and particularly China’s, rapidly building debt\/leverage phenomenon (2014 Year End Data).\u00a0 I encourage you to re-read the entire report, but for those of you who are pressed for time, I’ll give you the executive summary bullet-points right here:<\/p>\n