July 28, 2015

China: "Something Very Serious is Happening"

Quotes of the day on China:

“Most leveraged positions may suffer from losses ultimately, likely in trillions (of yuan). The risk is that the unwinding of the leverage will be disorderly: due to implicit guarantees behind most shadow banking products, investors could easily panic.”

“One by one the dominoes are starting to fall.”

“Large parts of the market are closed, and those stocks that are still trading are selling off regardless of support measures. Clearly something very serious is happening.”

Must read source

No comments:

Post a Comment