{"id":58080,"date":"2021-05-30T07:40:49","date_gmt":"2021-05-30T12:40:49","guid":{"rendered":"https:\/\/olduvai.ca\/?p=58080"},"modified":"2021-05-30T07:40:49","modified_gmt":"2021-05-30T12:40:49","slug":"china-warns-global-financial-bubble-could-burst","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=58080","title":{"rendered":"China Warns Global Financial Bubble Could Burst"},"content":{"rendered":"
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China Warns Global Financial Bubble Could Burst<\/a><\/h3>\n<\/header>\n
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Almost three months after markets stumbled when after\u00a0China\u2019s top banking regulator\u00a0<\/a>said he\u2019s “very worried” about risks emerging from bubbles in global financial markets (and China’s property sector) sparking concerns about further tightening in the world\u2019s second-biggest economy and slamming risk assets, China has done it again and on Saturday Liang Tao, vice chairman of China Banking and Insurance Regulatory Commission, said at the International Finance Forum in Beijing that\u00a0recent interest rate hikes by emerging economies could lead to a bursting of global financial asset bubbles which have been made even bigger by unprecedented pandemic easing measures by developed countries\u00a0(i.e., Biden’s trillions)<\/em>.\u00a0<\/strong>And just in case it wasn’t clear whose fault this is, Tao added that developed countries are sticking with ultra-low rates even as emerging economies raised their borrowing costs, “potentially resulting in the re-pricing of global assets.”<\/strong><\/p>\n

In short,\u00a0China is already pre-emptively pointing the finger at the US and western central banks as the parties responsible not only for bursting the biggest asset bubble in history, but for creating it in the first place.<\/strong><\/p>\n

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Liang Tao, Vice Chairman of China Banking and Insurance Regulatory Commission<\/em><\/figcaption><\/figure>\n

Tao’s comments are almost a verbatim repeat of what his boss, Guo Shuqing, chairman of the China Banking and Insurance Regulatory Commission, said\u00a0during a briefing back on March 1\u00a0<\/a>when he said he\u2019s \u201cvery worried\u201d about risks emerging from bubbles in global financial markets and the nation\u2019s property sector. Again blaming everyone\u00a0but China<\/strong><\/em>, Guo said that bubbles in U.S. and European markets could burst because their rallies are heading in the opposite direction of their underlying economies and will have to face corrections \u201csooner or later.”<\/p>\n

\u2026click on the above link to read the rest of the article\u2026<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

China Warns Global Financial Bubble Could Burst Almost three months after markets stumbled when after\u00a0China\u2019s top banking regulator\u00a0said he\u2019s “very worried” about risks emerging from bubbles in global financial markets (and China’s property sector) sparking concerns about further tightening in the world\u2019s second-biggest economy and slamming risk assets, China has done it again and on […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[124,130,3920,1849,827,4318],"class_list":["post-58080","post","type-post","status-publish","format-standard","hentry","category-economics","tag-central-banks","tag-china","tag-financial-bubble","tag-financial-markets","tag-united-states","tag-zerohedge"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/58080","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=58080"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/58080\/revisions"}],"predecessor-version":[{"id":58082,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/58080\/revisions\/58082"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=58080"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=58080"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=58080"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}