MAJOR WARNING JUST ISSUED: Crisis In China Turning Into Panic

Tuesday, November 13, 2018
By Paul Martin
November 13, 2018

Today a major warning was just issued regarding the crisis in China which has turned into panic.

Crisis In China Turning Into Panic
November 13 (King World News) – Peter Boockvar: There was a dramatic miss in the loan data out of China relative to expectations. Aggregate financing in October totaled 728.8b yuan, well less than the forecast of 1.3b….

Much of that was another sharp reduction in the level of lending outside the official banking sector. Actual bank loans made up 697b of the total figure and this compares with the estimate of 904.5b. The main reason for the reduced pace of lending was in the local government special bonds category along with yuan denominated loans.

SHADOW BANKING PROBLEMS: Expect More Bankruptcies

The Rest…HERE

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