With Chinese property sentiment sinking from bad to worse amid the growing mortgage boycott – which for now remains contained affecting about 1%-2% of China’s $5.8 trillion in mortgages…
“Take The Tragedy in Sri Lanka and Multiply by Ten”: The Fed Just Lobbed a Financial Nuke That Will Obliterate the Global Economy…
We are living in a period of mass “Jonestown” economic delusion. Just twenty months ago – central bankers were offering to buy nearly every junk bond known to mankind, dramatically distorting the “true cost of capital.” All the way from crypto to emerging markets – it was a moral hazard overdose. Everyone on earth was borrowing money at fantasy-land bond yields…
“It’s A Disastrous Day” – All Hell Breaks Loose In China’s Bond Markets…
The US bond market may be closed, but it was fully open in China, and locals took advantage of this fact to do one thing: sell…