The chart of the week is courtesy Bloomberg and shows the maniacal credit boom in china. The credit to GDP ratio in China has breached historical levels and has entered into dangerous territory eclipsing levels seen before recent busts in 2008 and 2015. Another hard landing looks certain:
1,250 Shares in SPDR Gold Shares (NYSEARCA:GLD) Purchased by Ballast Inc.
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Ballast Inc. bought a new position in SPDR Gold Shares (NYSEARCA:GLD – Free
Report) during the fourth quarter, according to the company in its most
recent ...
4 minutes ago