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“From a growth rate perspective, the speed of credit expansion is alarming. The current pace of credit growth in China is realistically in a range between 19% and 20%, well above the reported official TSF growth of 12.4% and new loan growth of 13.0% in September. Relative to GDP, China’s credit-to-GDP ratio currently in a range from 260% to 275% of GDP as of September 2016″ – Barclays
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The manipulation of statistics is old hat, so it comes as no surprise to see tha third quarter figures for the US Economy have been creatively massaged.
http://www.gold-eagle.com/article/q3-gdp-report-was-literally-putting-lipstick-pig
Lies, disinformation, propaganda and pure unadulterated bullshit from those whose wages you pay to blindfold you.