Loading ...Chinese company listed ADRs were slammed in Friday U.S. trading. This creates Monday morning Chinese market and currency vulnerability. To this point, it’s been the Teflon President affixed to Teflon markets. But between “repo” market instability, Washington chaos, the risk of serious trade war escalation –
in a world of heightened financial, economic and geopolitically instability – there is a scenario where the unraveling begins
Markets have to this point demonstrated astounding faith that the President will ultimately act in their best interest. As always, markets are a contest of greed and fear. One of the bad scenarios would be the markets fearing an administration resorting to a “scorched earth” gambit.
http://creditbubblebulletin.blogspot.com/2019/09/weekly-commentary-q2-2019-z1-and-repos.html