Credit growth has been the driver of economic growth for decades. That was the theme of my third book, The New Depression, and the subject
Richard Duncan
Recent Posts by Richard Duncan
Brexit has been dominating the world’s business headlines during the past few weeks. But the impact of Brexit on the global economy is likely to
This is one video you won’t want to miss. Chimerica is a term coined by the historian Niall Ferguson in 2006 to describe the economic
China’s economy is freakishly unbalanced. Investment (Gross Fixed Capital Formation) makes up 44% of China’s GDP, whereas Household Consumption makes up only 38% of GDP.
China’s economic growth engine is fuelled by extraordinarily large amounts of credit. In 2015, it took RMB 15.4 trillion (US$2.4 trillion) of credit growth to