"China's credit bubble on borrowed time as inflation bites" - "RBS has advised clients to take out protection against the risk of a sovereign default by China." Risk of a "hard landing" in China growth...."The result of such a hard landing would be a 20pc fall in global commodity prices, a 100 basis point widening of spreads on emerging market debt, a 25pc fall in Asian bourses, a fall in the growth in emerging Asia by 2.6 percentage points." London Telegraph http://bit.ly/h4Zi8f
RBS Global Daily N America 06Dec10
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