At the beginning of the year, the entire financial world was obsessed with China , or more specifically, Chinese capital outflows. Betting against China became the #1 hot trade of 2016 during the first quarter. Wall Street analysts claimed that China would not be able to stop the tidal wave of capital leaving the country, which would force policymakers to abandon currency controls, letting the yuan collapse along with China’s financial system.
- China’s great debt restructuring has begun
- Michael Pettis – China Is Digging Itself Into A Deeper Hole
- Morgan Stanley: Deleveraging Going Fine But China Is A Worry
As we move into the fourth quarter, it’s clear that the financial apocalypse has not...
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