Epstein Secrets

new investors may have been responsible for some wild swings in credit spreads (the excess yields paid

anies found they had allowed lending standards to drop too far. This spring the default rate on American credit cards was a record 13%, according to Fitch. How do lenders decide whether consumers are creditworthy? In America one of the key determinants is an individual's FICO score, named after the Fa

ess capacity in China, in which companies go hog wild building too many factories in certain industrie

he investment in China is being financed with debt. The level of debt in the Chinese economy has been rising with frightening speed. Rating agency Fitch estimates bank credit in 2011 was equivalent to 185% of the country's GDP — an increase of 56 percentage points in a mere three years. Though that

ess capacity in China, in which companies go hog wild building too many factories in certain industrie

the investment in China is being financed with debt. The level of debt in the Chinese economy has been rising with frightening speed. Rating agency Fitch estimates bank credit in 2011 was equivalent to 185% of the country's GDP — an increase of 56 percentage points in a mere three years. Though that

ial condition of the corporate sector has driven wild swings in sentiment among investors. At present,

ars despite strong sales growth (Figure 34 and Figure 35), which has itself been boosted by the increase in debt/GDP for the broader economy which Fitch estimates at around 80% over the past five years. Whilst the Renminbi has been extremely strong this year, we continue to think that at some stage