This is pretty good, but I'd fix this paragraph to read as follows:

Mine: "Where Xi will have to let the world notice that the rich, wealthy princeling cadre which is now being fully exposed to have owned and run China, only to have exploited it ALL for themselves."

Blain's: "Where Xi will have to take notice is outside the rich, wealthy princeling cadre which increasingly owns and runs China. There will be massive implications for wealth/inequality among the Chinese people from a property collapse. With a third of Chinese GDP dependent on the property sector, (and about 4 million jobs at Evergrande), the collapse of one of the biggest players, and the likelihood others will follow is much more than just a systemic risk."

Original, here: https://morningporridge.com/blog/blains-morning-porridge/is-evergrande-a-symptom-of-deeper-malaise/

>>14628875

TicKTocKTicKTocK

>>14628871

Yesterday's ReverseRepo was for $1.22 Trillion across 77 participants, which is larger than the Primary Dealer list. That's a lot of cash being grabbed out of the system, daily. Been going on for a couple of months at that level, so the "Taper" is well here, just not overtly.

>>14629032

This tragedy is so spoopy.