The chart of the week is courtesy Bloomberg and shows the maniacal credit boom in china. The credit to GDP ratio in China has breached historical levels and has entered into dangerous territory eclipsing levels seen before recent busts in 2008 and 2015. Another hard landing looks certain:
Is Something Starting To Break? Stocks Plummet And Bonds Go Nuts As
Economic Data Disappoints
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Are the financial markets headed for trouble? There was quite a bit of
panic on Wall Street on Thursday after more bad economic numbers were
released. ...
37 minutes ago