References to 2009 & the Global Financial Crisis keep popping up in the reports because that’s how bad it has gotten.
Global overcapacity, plunging demand, and a price war.
What do they see that we don’t?
“It doesn’t mean the market is going to crash tomorrow.”
Commercial Vehicle Overcapacity at Catastrophic Levels.
New king of foreign M&A, at peak prices, funded by state-owned banks.
Don’t count on us, it said.
And yet, China’s debt goes parabolic.
A record buying spree.
Fabled transition to a service economy? Forget it.