First China Default Seen as Record $427 Billion Debt Due (Dec 2013)

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Source: Bloomberg – First China Default Seen as Record $427 Billion Debt Due

Notable excerpts:

Chinese company debt twice the size of Ireland’s economy will come due in 2014, spurring concern the nation is on the cusp of its first corporate bond default.

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Bond Losses of $1 Trillion if Yields Spike, BIS Says (Jun 2013)

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Source: CNBC – Bond Losses of $1 Trillion if Yields Spike, BIS Says

Notable excerpts:

Bondholders in the United States alone would lose more than $1 trillion if yields leap, showing how urgent it is for governments to put their finances in order, the Bank for International Settlements said on Sunday.

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U.S. Fiscal Failure Warrants A De-Americanized World (Oct 2013)

chinese_economy

Source: Xinhua News – U.S. fiscal failure warrants a de-Americanized world

Notable excerpts:

As U.S. politicians of both political parties are still shuffling back and forth between the White House and the Capitol Hill without striking a viable deal to bring normality to the body politic they brag about, it is perhaps a good time for the befuddled world to start considering building a de-Americanized world.

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