https://www.cnn.com/2022/04/25/investing/china-capital-outfl…
Due to Russia’s invasion of Ukraine.
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With how many things they mentioned (from China’s ambiguous and essentially self-serving two-faced responses to practically everything, to COVID lockdowns and the reversal of the China/US interest rates), I’m surprised they didn’t mention the other large elephant… Evergrande (and other developers) are basically zombies.
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mmmms,
Yeah, but so are our banks as the swap market gets roiled.
The bottom in the global markets might coincide with the top in interest rates.
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