China Faces "Minsky Moment" on Ponzi Financing
MishTalk
MARCH 21, 2014
In recent weeks, a trip to the region and further research into China’s shadow banking system have convinced us that China is approaching its “Minsky Moment,” which increases the chances of a disorderly unwind of China’s excesses. Based on our analysis, our baseline case is that China may slow from the current level of 7.7%
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