Gold, Silver, Copper, Oil and other metals all are UP = Jeb Bush next President of USA
SD investors are TOAST
Reuters All the devils have come together for the Chinese economy, and the country's " long-awaited day of reckoning" is upon us, Societe Generale analyst Wei Yao writes in a recent note.
To China bears who have said the country is a debt bubble, Wei's conjecture will seem obvious. To bulls, it raises another question: Where did these credit problems come from? Where have they been hiding?
Wei's answer is simple: Problems have been lurking within state-owned enterprises (SOE) and in a lesser sense in local government financing vehicles (LGFVs).
Europe in Recession and world growth slowing rebound in oil will rebound will be very small and slow. SD cannot survive.