China shows 2008-like panic, launching pandemic-level stimulus to combat looming recession.
The first signs of weakness came after China’s HY real estate index fell a massive 82% in just over 2 years. This came as Evergrande, one of China’s real estate giants, filed Chapter 15 bankruptcy. This put the index back down to 2008-levels, but barely anyone talked about it. pic.twitter.com/OYhpxKCVBo — The Kobeissi Letter (@KobeissiLetter) …