“China to use ruble and yuan to pay for Russian gas as opposed to US Dollars.” #Petrodollars

BREAKING: China to use ruble and yuan to pay for Russian gas as opposed to US Dollars. — The Spectator Index (@spectatorindex) September 6, 2022 https://asia.nikkei.com/Business/Energy/China-to-start-paying-for-Russian-gas-in-rubles-yuan-Gazprom View post on imgur.com https://asia.nikkei.com/Business/Energy/China-to-start-paying-for-Russian-gas-in-rubles-yuan-Gazprom     h/t dr0id

“Corporations are borrowing against their net worth, as opposed to borrowing against cash flow and income, which in effect is the same thing households were doing in 2004, 2005 and 2006.”

via CNBC: The roots of the next recession could lie in U.S. corporates’ debt-to-cash ratios, a top U.S. economist warned Wednesday. The cash-to-debt ratio of speculative-grade borrowers reached a record low of 12 percent in 2017, below the 14 percent …

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