Earlier this week, Kyle Bass spoke on Bloomberg about the reckless expansion of the credit system in the Middle Kingdom. He warned about the ballooning asset-liability mismatch in the shady $4-trillion wealth management products (WMPs) market. And went on to say “this is the beginning of the Chinese credit crisis” while admitting it could take some time
Market dislocations occur when financial markets, operating under stressful conditions, experience large widespread asset mispricing. Welcome to this week’s edition of “World Out Of Whack” where every Wednesday we take time out of our day to laugh, poke fun at and present to you absurdity in global financial markets in all its glorious insanity.
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