it always happens at the margin
the fed is advertising that eight years of credit expansion is over: rates are going up and the balance sheet is going down -- deftly transmitted to europe, the gulf, japan, and china
chinese bad loans are over 15 % of assets (the official number) and in the shadow banking system collateral has been pledged more times than the lands west of the mississippi by napoleon before the Louisiana Purchase
oil prices are down and going lower
the japanese in denial form the late 80's and a nikkei of 40,000
any buyers ?
the fed is advertising that eight years of credit expansion is over: rates are going up and the balance sheet is going down -- deftly transmitted to europe, the gulf, japan, and china
chinese bad loans are over 15 % of assets (the official number) and in the shadow banking system collateral has been pledged more times than the lands west of the mississippi by napoleon before the Louisiana Purchase
oil prices are down and going lower
the japanese in denial form the late 80's and a nikkei of 40,000
any buyers ?
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