About $40 trillion of China debt spending since 09 saved the global economy.
There is now no major economic bloc with enough creditworthy capacity to maintain the spending momentum.
Interest compounds relentlessly and repo mkt is the visible sign that stress is becoming acute. https://t.co/sDrD3ilbqy
— 4D Macro (@quantcredit) February 12, 2020
europe's rebound will get crushed more as china goes offline https://t.co/x01r4G1zA5
— Alastair (@StockBoardAsset) February 12, 2020
Japan Machine Tool Orders, -36% YoY (Prev. -34%), this is for January so might have a few days of #coronavirus affecting it (a lot of tools sold to China). Either way, it's hardly showing improvement…
— Dr. Chris Dark (@Darky999) February 12, 2020
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