Striking graph of large complex loans “at risk” in the US: levels far above pre crisisnhttps://t.co/PZjnVIe9a8 https://t.co/CJ9qqRRNna
@GreySmithereens @Jackie_Downn @triofrancos The question of “realism” rears its ugly head.
@triofrancos Thank you Thea. Much appreciated. You put your finger very precisely on a major point of disagreement.
Chinese local government land sales have plunged in 2021 and as @michaelxpettis points out that is a very serious issue indeed. Great data from @Gavekal