China’s credit & housing bubbles TOO BIG TO FAIL, and therefore WILL NOT FAIL. Will be artificially supported by CNY printing & lending without limits. The outcome? An eventual massive CNY devaluation, possibly in one day. Anti-bubble. @dlacalle_IA @DiMartinoBooth @jessefelder https://t.co/rVaB572VL0
— Diego Parrilla (@ParrillaDiego) June 26, 2019