Loading ...“There’s a lady who’s sure all that glitters is gold, and she’s buying a stairway to heaven”
As long as this unprecedented stretch of record low volatility continues forever, this will all be fine…
The weak link in this daisy chain of idiots is the trillions in ponzi capital circling the globe pumping up risk assets and moving overnight to the next bubble. Unfortunately, the only yield in a world of collapsing demand and ever-growing supply comes from levitating risk assets on minimal volume and volatility – generating a bubble of unprecedented and fragile proportions. But don’t take my word for it…
“It used to be that when America sneezed, the world caught a cold. This time around, it’s the risk of a sickly China that poses a bigger threat.
Total borrowing climbed to about 260 per cent of the economy’s size by the end of 2016, up from 162 per cent in 2008
That path may be what prompted outgoing People’s Bank of China Governor Zhou Xiaochuan to warn of the risk of a plunge in asset values following a debt binge, or a “Minsky Moment,” earlier this month.”