China’s credit market is plunging. Many reputable names and muni bonds falling 20%+ in a day. A recent near-default event spooked everyone.
https://twitter.com/HAOHONG_CFA/status/1326838799968608257 Monthly loan growth tapered off a bit in China during October, and indeed on a number of fronts we've noticed a clear element of forbearance on the policy front. That said, an existing tailwind of previous easing (this year and last year) remain in the pipeline for China… pic.twitter.com/Oi8bOeDTdb — Topdown Charts (@topdowncharts) November … Read more