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:
BlackRock CEO Issues An ‘Urgent’ $34 Trillion Warning That Could Trigger A
Bitcoin Price Earthquake
-
The chief executive of the world's largest asset manager BlackRock has
issued an "urgent" warning over the growing $34 trillion U.S. debt
pile—which some t...
18 minutes ago