emerging markets 3 trillion overextended in debt

[cheka.]

no bueno....with commods in the dumpster....people will die

frbny warming up the printing presses? or going to stand back and let it happen?

http://www.reuters.com/article/2015/10/07/imf-g20-emergingmarkets-idUSL1N1261YM20151007

Emerging market companies have an estimated $3 trillion in overextended loans that threaten to trigger a sharp credit crunch and capital outflows in economies that have already been hit hard by low commodity prices, the International Monetary Fund said on Wednesday

Overborrowing in emerging market economies likely adds up to an average of 15 percent of their gross domestic product, and 25 percent of China's GDP, the IMF said.

[Horn]

Making completely sure that everyone goes broke on que timing. Can't seem to run fast enough away from lowrise construction following me, I have no idea who will afford these things, you can tell its all top down construction banking cartel stimulus and their mademen enterprises. Private homegrown wouldn't dare do in this volatility.

I guess the plan is to repossess and destroy all the old single family units then pack everyone like sardines into them.