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Another China bank failure

Summary:
Dumb USD zombie Chicomms keep "pumping!"... third one... Hengfeng Bank was finally pushed into some state-led resolution, making it the 3rd bank failure in China. Will creditors take losses, like with Baoshang, or not, like with Jinzhou? If there are losses, Monday could be wild for the interbank market. So probably no losses. pic.twitter.com/r8tX0ORaTJ — adam wolfe (@adamkwolfe) August 9, 2019 Pump up the Jam![embedded content]

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Dumb USD zombie Chicomms keep "pumping!"... third one...

Pump up the Jam!

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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