It's heeeere!
"It's A Disastrous Day" - All Hell Breaks Loose In China's Bond Markets
"Evergrande's contagion risk is now spreading across other issuers and sectors"
https://www.zerohedge.com/markets/its-disastrous-day-all-hell-breaks-loose-chinas-bond-markets
Watch commodities for your telltale.
"Margin Call".
~$5.5 Trillion is about what the consensus of the assets held that are going to be impacted by this credit collapse.
This (prolly paywalled) just came out and is directly related::
Chinese leader Xi Jinping, expanding his push to curb capitalist forces, is scrutinizing ties between China’s financial institutions and its big private-sector firms
https://www.wsj.com/articles/xi-jinping-scrutinizes-chinese-financial-institutions-ties-with-private-firms-11633972484
WSJ News Exclusive | Xi Jinping Scrutinizes Chinese Financial Institutions’ Ties With Private Firms
Inspections of state banks and others are aimed at ensuring full Communist Party control over what is seen as the lifeblood of the economy, say people familiar with the plan.
www.wsj.com
Fraudulently conveyed "Wealth Management Products" (Bonds) upon the Chinese people, and the world. Just to overbuild apartments in 2nd and 3rd tier cities. Now there's a credit crater where all that illicit lending came from.
All dis while the CA & US Bond mkts are out on holiday. Sadz, cause dey be bid when dey open later today for night shift.
Bullshit-
DNA from Prince Philip (and Prince Rostislav Romanoff, but few knew that bit) proved she was a fake, they used an intestine sample from an old cancer screening. She was a total scammer.
https://www.baltimoresun.com/news/bs-xpm-1993-07-10-1993191031-story.html