Stick around and it’ll blow your arms and legs clean off.
Here’s an old article from January of this year.
Okay, you read it right? Bad loans are soaring in China, amidst the sharpest economic slowdown in 25 years.
Now watch this.
You tell me how this ends.
The noose is swinging from the gibbet waiting for a neck to wrap itself around.
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We’re -inexorably- fucked.
The Chinese seem to be able to engage in all manner of egregious trickery to avoid the day of reckoning.
$GDX is my hedge of choice. Yes, many will be hanging from the gibbet soon. Just not today.
It ends when someone goes to war. Nothing huge, just a skirmish.
Regards
Chuck Bennett