Carson Block Is Certain China Will Face Day of Reckoning (Bloomberg)

Carson Block Is Certain China Will Face Day of Reckoning

"China’s credit problems since the global financial crisis will reach a breaking point. He blames this on Chinese officials cramming liquidity into the banking system, which allowed other players to pull their cash out, leaving the system increasingly vulnerable to collapse"

"At some point, your past sins catch up with you," Block said in an interview on Bloomberg Television. "Ultimately, there will be a day of reckoning, and I know that. I just can’t tell you if that’s in two months, two years or 20 years."