Tuesday, April 1, 2014

Too Late To Short China?

A trickle of defaults is uncharted territory for China giving credence to the 'Minsky Moment" for China thesis. On the other hand, short China has to be the most consensus bet in the market right now. 

China Sees First Domestic Junk Bond Default
http://www.nytimes.com/2014/04/02/business/international/china-sees-first-domestic-junk-bond-default.html

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