Bigger Quote by James Chanos
“Bubbles are best identified by credit excesses, not valuation excesses. And there's no bigger credit excess than in China.”
“Bubbles are best identified by credit excesses, not valuation excesses. And there's no bigger credit excess than in China.”
![“The most serious problems lie in the financial sphere, where the economy's debt overhead has grown more rapidly than the 'real' economy's ability to carry this debt. [...] The essence of the global financial bubble is that savings are diverted to inflate the stock market, bond market and real…” quote by Michael Hudson](https://sms4smile.com/quotes/img-quotes/843/michael-hudson-2134_ability_the-most-serious-problems-lie-in-the-fin_1562200.jpg)
