How to Navigate Our Low-Trust, Increasingly Dysfunctional Society and Economy

Authored by Charles Hugh-Smith via oftwominds, Politicians and corporate managers have an enviable record of self-enrichment but very little to show in terms of putting the long-term interests of the citizenry above their own short-term gains. This week’s focus is on self-reliance, a topic of increasing relevance than is more complex that it may seem. …

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Repo Rates Soar: Chinese Banks Navigate Unprecedented Debt Issuance Amidst PBOC’s Conflicting Signals; Smaller Banks in Distress as Mainstream Narratives Fall Short

The financial landscape is in tumult as repo rates soar, with banks heavily borrowing to address liquidity concerns and a looming specter of potential economic deflation. Adding to the complexity, Chinese banks have entered the scene, issuing an extraordinary volume of short-term debt at penalty rates, coinciding with unusual activities by the Chinese Communist Party …

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