Chinese credit speculation, Greek debt crisis, US earnings woes
Chinese regulators have banned loans to traders with less than 500,000 yuan and suspended new margin accounts at three of the nation’s biggest brokerage firms. Erin weighs in. Eswar Prasad, former head of the IMF’s China Division, tells us what he’s seeing in China right now and gives us his take on house price deflation and how well Chinese regulators have done in tamping down on excess credit growth. Ann Pettifor, author of ‘Just Money: How Society Can Break the Despotic Power of Finance’, in an interview conducted before the election, gives us an extended analysis on Greece’s economic turmoil and predictions on what will follow the elections. And in The Big Deal, Erin and Edward Harrison discuss the hit that earnings have taken.
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