The chart of the week is courtesy Bloomberg and shows the maniacal credit boom in china. The credit to GDP ratio in China has breached historical levels and has entered into dangerous territory eclipsing levels seen before recent busts in 2008 and 2015. Another hard landing looks certain:
International Assets Investment Management LLC Acquires Shares of 21,309
Invesco DWA Emerging Markets Momentum ETF (NASDAQ:PIE)
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International Assets Investment Management LLC purchased a new position in
Invesco DWA Emerging Markets Momentum ETF (NASDAQ:PIE – Free Report) in the
4th ...
19 minutes ago