Greene of Fair Isaac Doesn't See `Crisis' in China's Bad Loans

[Tuscani]

April 27 (Bloomberg) -- Mark Greene, chief executive officer at Fair Isaac Corp., a developer of credit-score systems, talks with Bloomberg's Catherine Yang from Singapore about China's lending market, regulatory outlook, and Fair Isaac's Asian growth outlook. (Source: Bloomberg)

http://www.bloomberg.com/apps/news?pid=conewsstory&refer=conews&tkr=FIC:US&sid=awXxpfF.T44k

(video located upper right)

Your thoughts?

Message Edited by Tuscani on 05-10-2007 03:28 PM

[Anonymous]

The financial relationship between America and China is so imbalanced and flawed, it's like the relationship between a pusher and a junkie. We feed their cancerous growth, they feed our drunken spending binge. When it flies apart, both countries are going to go through a good 15 years or so of withdrawal. The dollar will implode, and China will have by far the biggest Rust Belt the world has ever seen.

China's growth is unsustainable for one simple but overriding reason: there are not enough fossil fuel resources to allow 1.2 billion Chinese to have anything close to a First World standard of living. China will NEVER be an American-style superpower. And by 2020 if not sooner, there aren't going to be enough oil reserves left for 300 million Americans to live like Americans do today.

But yes, by all means let the financial gurus think that all we have to do to solve the problem is drill more holes in the ground. Maybe when TSHTF, they can live out of their SUVs.

[smallfry]

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@Anonymous wrote:
The financial relationship between America and China is so imbalanced and flawed, it's like the relationship between a pusher and a junkie. We feed their cancerous growth, they feed our drunken spending binge. When it flies apart, both countries are going to go through a good 15 years or so of withdrawal. The dollar will implode, and China will have by far the biggest Rust Belt the world has ever seen.

China's growth is unsustainable for one simple but overriding reason: there are not enough fossil fuel resources to allow 1.2 billion Chinese to have anything close to a First World standard of living. China will NEVER be an American-style superpower. And by 2020 if not sooner, there aren't going to be enough oil reserves left for 300 million Americans to live like Americans do today.

But yes, by all means let the financial gurus think that all we have to do to solve the problem is drill more holes in the ground. Maybe when TSHTF, they can live out of their SUVs.

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Very true. That is why China is moving quickly into Uranium.