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BREAKING: China Just Announced a MASSIVE Bank Bailout
Why now? After teasing a bank recapitalization plan as part of last year's "bazooka", the CCP did nothing about it over the five months since raising the matter. Total silence. Now, all of a sudden, news banks are going to get their equity after all. What changed? There are a few suspects, starting with growing turmoil in money markets alongside more problems with real estate.
Eurodollar University's Money & Macro Analysis
Bloomberg China to Inject at Least $55 Billion of Fresh Capital Into Several Big Banks…
The skinny
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