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As China’s Banking System Freezes, SHIBOR Tumbles To Lowest In A Decade

As China’s Banking System Freezes, SHIBOR Tumbles To Lowest In A Decade One trading day after we reported that China was “Hit By “Significant Banking Stress” as SHIBOR tumbled to recession levels, and less than a week after we warned that China’s interbank market was freezing up in the aftermath of the Baoshang Bank collapse and subsequent seizure, which […]

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China Hit By “Significant Banking Stress” As SHIBOR Plummets To Recession Levels

China Hit By “Significant Banking Stress” As SHIBOR Plummets To Recession Levels It’s probably not a coincidence that just days after we reported that China’s interbank market was freezing up in the aftermath of the Baoshang Bank collapse and subsequent seizure, which led to a surge in interbank repo rates and a spike in Negotiable Certificates of […]

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Meanwhile In China, Echoes Of Lehman As Interbank Market Freezes

Meanwhile In China, Echoes Of Lehman As Interbank Market Freezes One month ago we wrote that in the aftermath of the shocking government May 24 seizure of Baoshang Bank – not shocking because the bank failed as most Chinese banks are insolvent if left to their own devices due to the real, and far higher levels of […]

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Olduvai IV: Courage
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