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:
Morning Calm After Wild Night
-
It took an escalating situation in the Middle East but for the first time
in weeks, the biggest story of the day Thursday was not interest rates.
8 minutes ago