You will be be redirected to the blog in a moment...

Or you can click the link below to proceed:
China to declare local government loan guarantees Null and Void. Oh Crap.

While the world markets continue their respective melt-ups, here’s some Big News from China – according to Bloomberg, all loan guarantees by local governments are now declared null and void.Yes. Null and void.For those wondering what the BFD is, try putting yourself in the shoes of those who lent approximately US$3.5 Trillion (yes, it’s T, ...

 

Want to be redirected immediately?
Register yourself at Ping.sg to get rid of this page and also to get your read counted as Pong.