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I’m not entirely sure this sounds like 6.X% growth….

May 10, 2019, 9:13 pm by Alex Mark
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https://twitter.com/TonyNashOnAsia/status/1126518847794708483

China defaults hit record in 2018, and the 2019 pace is triple that

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Categories On Wire
This will give you bad dreams: 85% of all leveraged loans are covenant-lite. It wasn’t even 30% prior to the financial crisis
Expect this to ripple through the economy a few months from now…
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