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#recession #money #recession2023 #money #inflation #deflation #interestrates #dollar #economy #credit #interestrates #liquidity #china #banksĀ China's repo market nearly freezes up at the end of October and now this. Even the biggest institutions are taking unprecedented steps. On top of well-documented real estate woes, the most recent economic stats on the Chinese economy indicate right back into deflation. With that third failed reopening and only ongoing trouble for non-bank financial firms, the liquidity situation inside China is getting hot. Eurodollar University's Money & Macro Analysis Bloomberg: China Banks Rush to Raise Funds After Cash Crunch Spooks Market https://www.bloomberg.com/news/articles/2023-11-09/china-banks-rush-to-raise-funds-after-cash-crunch-spooks-market Bloomberg: PBOC Drains Liquidity in Signal It Sees Rate Surge as Temporary https://www.bloomberg.com/news/articles/2023-11-01/china-s-central-bank-drains-liquidity-after-overnight-rate-surge Bloomberg: PBOC Seen Adding Liquidity After China Money Market Rates Surge https://www.bloomberg.com/news/articles/2023-10-31/pboc-aims-to-add-liquidity-after-surge-in-money-market-rates Twitter: https://twitter.com/JeffSnider_AIP https://www.eurodollar.university RealClearMarkets Essays: https://bit.ly/38tL5a7 |