Panda Power

November 28, 2023

Did any Too Big to Fail bank CEOs get criminally prosecuted for precipitating the worst global financial crisis since the 1930s Great Depression? The result of this renewed friendship will be that the Chinese money printer will go brrr. Once a deal is made, the West would likely suddenly drop any Russian sanctions so that commodities can enter the global market. Given that property development and finance are the largest sectors of the Chinese economy at almost 25%, this will, in effect, lower the real cost of interest in the Chinese economy. If either the KMT or TPP wins the election, I expect the China credit bazooka to be strong to very strong.

The source of this news is from BitMEX