Loading ...Just hours after we warned that it was time to start worrying about China’s debt default avalanche, and shortly after the PBOC lowered its credit quality restrictions for collateral, China offered its Medium-term Lending Facility (MLF) to inject CNY463bn (~$72bn) of liquidity.
***************************************************************************
Tue, 06/05/2018 – 22:28 Permalink
Another “banking crisis” averted by a central bank waving their magic wand. Nobody should be shocked.
Like I’ve said many times before, until printing money stops working, they will print money at every problem. Even when it stops working they’ll keep printing for a long time after, just to make absolutely sure.