davidbau.com

When to Sell

I guess a good time to sell is when I start writing blog posts about the stock market, down about 8% since I posted.

I do think that the big problems haven't in China haven't hit yet, though: a pile of (difficult to discern) bad debt related to government influence over the banking system's investment in state-owned enterprises.

There is an overhang of bad investments in China which is on a scale which perhaps the world has never seen before. Entire ghost cities in plain view. When will the bad debt behind these projects unwind?

Posted by David at September 6, 2015 01:00 PM