Everyone says “no credit crunch” meanwhile the China HY says the opposite… Jim Rickards: ‘Mainstream are clueless as usual.’

Everyone says “no credit crunch” meanwhile the China HY says the opposite pic.twitter.com/9uGZP9Szrh

— Alessio (@AlessioTMAD) September 21, 2021

The FOMC is deeply troubled by the "unsustainable credit boom" in China… the date? May 2004 @jmackin2 pic.twitter.com/ujwZTW5t1z

— Dario Perkins (@darioperkins) September 21, 2021

"S&P does not expect Beijing to provide any direct support to embattled #Evergrande" https://t.co/aBil8gaZ7N
Evergrande has 669M USD coupon payments remaining this year! pic.twitter.com/0Sea9gHc0I

— Henrik Zeberg (@HenrikZeberg) September 21, 2021

An example to illustrate the extent of real-estate overweighting for a typical Chinese city resident, and why Chinese government is trying to pull off a soft-landing for their property market:

some random 30yo in Shanghai whined about her "poor" life on Sept 5,2021. pic.twitter.com/vRTXyJHeU3

— BɅRTON (@Barton_options) September 21, 2021

🇨🇳 S&P downgrades Chinese developer Sinic Holdings’ long-term issuer credit rating to CCC+ from B and places it on CreditWatch negative as it sees “substantial risk” over the repayment of its $246m note due Oct. 18, according to a statement. pic.twitter.com/i4MGmDhFoV

— Christophe Barraud 🇫🇷 🇲🇨 (@C_Barraud) September 21, 2021

💯 Jim knows what he's talking about, it pays to take note https://t.co/E3s7PHGfLO

— Emma Muhleman CFA CPA (@myemma) September 21, 2021

Not contagion
Not crisis
Not Lehman
Not 2000
Not stagflation
Not tapering
Not QE

LMAO the mainstream media

— Alessio (@AlessioTMAD) September 21, 2021