China's credit framework extended "too recklessly and too quickly," and "it's beginning to unravel," cautions Hayman Capital's Kyle Bass.
Vitally, Bass notes that expanding resources in Chinese riches administration items are another indication of an approaching credit emergency in the country.
Must Watch simplification of the next stage of the credit cycle in China...
The entire World is up a creek without a paddle. My question is what will start the World Collapse? China perhaps? We will see.
perhaps the blockchain can be a used as a paddle?