Red lights flashing in credit markets as Huarong concern grows

Yahoo!Finance/Kyungji Cho and Ameya Karve

Repost from 4-14-2021

“Credit markets in Asia have been shaken by a selloff in one of China’s largest bad-debt managers, raising concern that other heavily leveraged borrowers may also stumble.”

USAGOLD note:  The next crisis does not necessarily have to begin in the United States. In this era of interlocking counterparty risk the financial breakdown that surfaces in Shanghai, or Tokyo, or Dubai can quickly make landfall in London or New York.