There’s a story claiming China’s repo rate has shot up 1000% in a day, there’s a link near the end of the last thread.
No one but a circle of blogs and zerohedge is running with it. If the repo rate were to make such a move, there would be huge headlines everywhere, so I’m not buying that one.
China is having a Lehman moment and the world just yawns. Hey it is Friday night and the right time to release bad news.