“Magic” Collateral: A Frank Look At The Sheer Credit Horror About To Be Unleashed In China

Tuesday, March 11, 2014
By Paul Martin

by Tyler Durden
ZeroHedge.com
03/11/2014

While the world is terrified about what China – where corporate bond defaults are now permitted – may be about to unleash on the world, most are all too happy to remain in a state of delightful ignorance. We decided to take a peek behind the scenes.

The Rest…HERE

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