Monday , 27 May 2024

Tag Archives: financial default

Possible Mega Default In China On Jan.31 Could Be Next “Lehman Brothers” Moment – Here’s Why (+2K Views)

Did you know that financial institutions all over the world are warning that we could see a mega default on a very prominent high-yield investment product in China on January 31st? We are being told that this could lead to a cascading collapse of the shadow banking system in China which could potentially result in sky-high interest rates and a precipitous plunge in credit. It could be a Lehman Brothers moment for Asia and, since much of that "hot money" has flowed into stocks, bonds and real estate in the United States, that would be very bad news for the U.S. as well. [Let me explain.]

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