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Record Amounts of Capital Urgently Fleeing China (Everything You Need to Know)
While the world was distracted by US recession provoking a Japanese stock market crash, China was continuing to meltdown. In just the past few days the country reported: a record drop in foreign money fleeing China; the first contraction in bank lending to the real economy in nineteen years; record low market interest rates; and the PBOC going off the rails trying to derail that bond rally. And we thought China was in rough shape...last month.
Eurodollar University's Money & Macro Analysis
Bloomberg China Goes to New Extreme in Crackdown on Bond-Market Frenzy…
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