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RE: Deleveraging in China: A Dangerous Walk on the Tightrope.
Very relevant post. I have covered this in my weekly synopsis as to how big the corporate default bubble is in China this year, and with a major energy company going bankrupt last week the PBOC is asking investors to by junk AA rated products. Seems like a Deja Vu of 2008.
I was thinking the same thing. Sounds like the temptations are in place to do what the USA did in the events leading up to the 2008 market crash.