GREY:NEVDQ - Post by User
Post by
bogfiton Dec 09, 2023 8:59am
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Post# 35776110
"China was experiencing a “full banking system collapse”
"China was experiencing a “full banking system collapse”"As the U.S. economy continued to show signs of strength, many investors remained concerned with China’s economic outlook. One hedge funder, Kyle Bass, said China was experiencing a “full banking system collapse” in a recent post on X.
Bass, who is the CIO of Hayman Capital Management, linked to a recent Reuters article that highlighted some of China’s economic concerns. Debt for the second-largest economy in the world has been piling up with local Chinese government debt reaching more than $12 trillion, or more than 75% of the country’s entire economic output."
'Full Banking Collapse': China Worries Pile Up As Hedge Funder Sounds Alarm (msn.com)
He doesn't have to be right for this kind of talk to have a depressing effect, AND HE KNOWS IT.
b.