by Summary:
Only if the BOC reacts by making the same reification error as the Fed did and adds bazillions of reserve balances “to lend out!”….China’s Lehman moment is today with Evergrande down 90%.If that follows the 2008 contagion path, markets collapse within 3-4 weeks.— Endless Capital w/ no pullbacks (@endless_frank) August 28, 2023
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Only if the BOC reacts by making the same reification error as the Fed did and adds bazillions of reserve balances “to lend out!”….China’s Lehman moment is today with Evergrande down 90%.If that follows the 2008 contagion path, markets collapse within 3-4 weeks.— Endless Capital w/ no pullbacks (@endless_frank) August 28, 2023
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Mike Norman considers the following as important:
This could be interesting, too:
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Only if the BOC reacts by making the same reification error as the Fed did and adds bazillions of reserve balances “to lend out!”….
China’s Lehman moment is today with Evergrande down 90%.
If that follows the 2008 contagion path, markets collapse within 3-4 weeks.
— Endless Capital w/ no pullbacks (@endless_frank) August 28, 2023