[11th_VA]

Chiiina markets open before the game ends

[Vince Ferrer]

1.05 trillion yuan worth of reverse repos are set to mature on Monday, meaning that 150 billion yuan in net cash will be injected.

First time I have seen this. The US fed is also injecting liquidity into the repo market here. Banks have stopped trusting one another and won't lend to each other. This is the next financial crisis, just below the surface now.

[OttawaFreeper]

I wonder if this has a lot to do with the stories I’ve read about how if you go to places like Shanghai and elsewhere there, you see all of this big, new modern infrastructure and buildings but that these places are about half or nearly empty. And that a very serious credit crisis that gets very little or no attention in the media is continuing to affect China very much so.

[montag813]

I love this. China ridiculed us in 2009 when Helicopter Ben Bernanke began his endless series of trillion-dollar cash drops.

Now china is desperate, and their economy is teetering on a knife edge. Who's laughing now?

Now if only Trump could ban H1-B's, CPT and the other ways we import hundreds of thousands of Indian and Chinese tech slaves, it would be a total America First victory.

[livius]

I think this is good. I’ve been very worried about the effect of this not only on the markets but on businesses that depend on China. Which way too many do.

[grey_whiskers]

https://etfdb.com/themes/inverse-short-china-etfs/

I checked the price on YXI last night, it was given as $6.83.
I went to buy some an hour ago and it was over $17.