A much-needed default on our Chinese loans.
The unintended unforeseen consequences could be very painful for a while but yeah, do it!
Way past time, 35 years ago it was past time. How has this charade held up all these years..
They will be painful, but not as painful as the consequences will be in the future. Default is inevitable. The sooner it is the less painful it will be.
Yep. It's like the guy holding on to the airplane tire that only goes higher and higher.
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