China is creating cracks in one of America's biggest asset bubbles

Business Insider / Henry Blodget What happens to prices when the biggest, reckless buyer walks away? China’s State Council has issuedguidelineson what Chinese companies can and cannot acquire overseas. The purpose is to “promote healthy growth of overseas investment and prevent risks.” These risks would be that the $18 trillion of Chinese corporate debt will balloon further, thoughmuch of this debt is already going bad, and that it will blow up, triggering a spectacular financial crisis. T...