Headlines of the Day: China's Substance Abuse: Credit Growth and Non Performing Loans Zoom to Records as External Trade Crashes!

This critical news has just been in, Chinese credit growth in January 2016 zoomed to a record high...

Read article from Bloomberg

The other day, curiously, economic data reported a shocking collapse in both exports and imports during the same month or in January 2016...

Read article from CNBC

And yesterday, media told us that China's Non Performing Loans (NPL) last December also rocketed to milestone highs

Read article from Bloomberg

So let me ponder on what these headlines seem to say.

Slowing economy means MORE non performing loans.

But to solve the problem of non performing loans brought about by a slowing economy means to gorge on MORE DEBT!

So I get it.

Solve the problem of substance addiction with more substance abuse! And hope that the problem of addiction will just go away!