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The Insurance Scam Connection Between China’s Economy & Massive Explosion

China

The inventories of United States vehicles in China has exploded recently, with sales collapsing, leaving thousands upon thousands sitting and collecting dust in China’s ports.

From Zero Hedge:

With credit collapsing – except for buying stocks on margin – it appears the Chinese have found an alternative way to drawdown that inventory…

China 20150813_autoinv1_0 20150813_autoinv3 20150813_autoinv2

 

With inventories at record levels…

CHINA

And inventories-to-sales flashing recession red. One wonders if Automaker management ‘hopes’ for some more apocalyptic scenarios in global ports to drawdown this stack of vehicles that no one is buying.

Royce Christyn
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