China watch

Timor Invest
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Credit Bubble Bulleting/Doug Noland/10-20-2019

“I’ve held the view that Chinese finance has been at the epicenter of international market unease. The U.S./China trade war was not the predominant global risk. However, it has had the potential to become a catalyst for Chinese financial instability. And there remains a high probability for an eruption of Chinese disorder to quickly reverberate through global markets and economies. To be sure, rapidly deteriorating U.S./China relations were a major contributor to this summer’s global yield collapse and bond market dislocation.”

USAGOLD note:  We recommend the link for the rest of the analysis. . . . .