Notes From the Dollar Side of Credit

By |2014-03-13T09:03:51-04:00March 13th, 2014|Economy, Federal Reserve/Monetary Policy, Markets|

There has been a lot of discussion about the Chinese credit markets, and rightfully so, as unusual events are in the midst of probing “market” sensibilities as they relate to great imbalances. Along that line, this passage in a CNBC article caught my attention: Strict government controls, and the fact that state-owned companies own the bulk of government debt prevent [...]