8 trillion?! woahh
Chinese local government investment vehicles owe $8 trillion and are big dollar bond issuers. Under stress, Beijing may let some default; others might try to offload assets in a weak market. It may get ugly, says @ywchen1 t.co/EopC9YdVWt pic.twitter.com/KqiL4azlVF
— ReutersBreakingviews (@Breakingviews) January 10, 2022
And here’s the source if anyone’s interested: www.reuters.com/markets/asia/chinas-next-debt-crisis-will-be-municipal-2022-01-10/
$ARKK finds a hammer pic.twitter.com/UBZ0mdjSmx
— Alastair Williamson (@StockBoardAsset) January 10, 2022
Fed Vice Chair Clarida To Resign From Board On January 14
– Term Was Scheduled To Expire On January 31— LiveSquawk (@LiveSquawk) January 10, 2022
The Federal Reserve Needs to Get a Lot More Hawkish, Bill Dudley: Bloomberg
I have news for those who think the U.S. Federal Reserve has turned more hawkish on inflation: It has only just begun.
Fiscal And Monetary Cliffs Have Arrived
When you factor in the massive fiscal and monetary cliffs together with the most overvalued stock market in history, you have the recipe for potential unprecedented stock market chaos, which should be front-end loaded in ‘22. If your retirement savings is with a deep state of Wall Street firm, you hold some mix of stocks and bonds that is set on autopilot. Their fate should be the same as the Hindenburg and Titanic.
h/t kvlyc