Professor Roy Smith identifies similarities between China's credit boom and Japan's asset price bubble collapse
— September 28, 2016
Excerpt from Bloomberg -- "'I am big on the parallels,' said Roy Smith, the New York University academic who as a banker in 1990 anticipated Japan’s decline. Japan’s market crash 'led to a financial crisis that they never recovered from. China probably faces a debt-led financial crisis too, which could have significant consequences,' he said."