Thursday, June 20, 2013

Is this China's Lehman?

Here Is What's Going On In China: The Bronze Swan Redux

In brief (pun intended): a complete, unpredictable clusterfuck accompanied by wholesale liquidations of "liquid assets", deleveraging and potentially a waterfall effect that finally bursts China's bubble, all due to a simple black swan. Although, in reality, nobody knows. Just like nobody knew what would happen when the government decided to let Lehman fail.

So... is this China's Lehman?


Bank Of China Denies Default

[Nothing to see here... move along.]