4-28-16

LANA CLEMENTS for the Express reports, STOCK markets across the world plunged today amid growing fears China’s monstrous debt bubble is about to burst and trigger a devastating financial crisis. She writes Britain’s FTSE 100 finished in the red, after stocks in the Asian country fell earlier in the day. 

Fears grow China’s HUGE debt bubble will spark a devastating global CRASH

STOCK markets across the world plunged today amid growing fears China’s monstrous debt bubble is about to burst and trigger a devastating financial crisis.

Britain’s FTSE 100 finished in the red, after stocks in the Asian country fell earlier in the day.

Europe’s top stock markets were also down.

Investors are becoming increasingly nervous the world’s second-largest economy is about to trigger a crash, which could be worse than the stock mayhem witnessed at the start of this year and last August.

China has been taking on yet more debt in what is thought to be a bid to combat its economic slowdown.

The Asian country’s deficits reached 237 per cent of GDP in the first quarter of this year, from 148 per cent at the end of 2007, according to the Financial Times.

New financing has also reached record highs in the first three months of 2016, RBS economists found.

China’s new-build house prices have jumped a massive 30 per cent year on year in parts of the country.

In recent weeks, confidence has returned to financial markets after the catastrophic start to the year.

But there are signs the boost could be about to come undone.

Fears have now started to grow around China’s debt market, amid a spate of defaults this year.

Ha Jiming, Goldman Sachs chief investment strategist, said: “Every major country with a rapid increase in debt has experienced either a financial crisis or a prolonged slowdown in GDP growth.” READ MORE

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The Bible tells us that every human has sinned and fallen short of the glory of God which is  is a heart-penetrating truth. He has provided a way to cleanse us of our sins since we can never be “good enough” to cleanse ourselves. That avenue to God’s grace, mercy and forgiveness (the cleansing of our sins) is through His only begotten Son, Jesus Christ of Nazareth Who is equally God.