Unintended Consequences of China's Liquidity Policies
And Xi expects Xiden to bail him out, $980 Billion worth?
This is madness.
Madness?
This. Is. SPARTA!
(Yes, that was lame, but it had to be said!)
There is no bailout to be had. This crisis is being driven by injections of central bank and central government debt. There's a positive feedback mechanism in play where the more government intervenes the worse the crisis becomes.
And Xi expects Xiden to bail him out, $980 Billion worth?
This is madness.
Madness?
This. Is. SPARTA!
(Yes, that was lame, but it had to be said!)
There is no bailout to be had. This crisis is being driven by injections of central bank and central government debt. There's a positive feedback mechanism in play where the more government intervenes the worse the crisis becomes.