Kind of agree with this take on #CoronavirusOutbreak... More than $20B in Chinese corporate defaults in 2019, and the outbreak can only make it worse in 2020. If there is a debt crisis the human suffering will be greatly compounded.https://twitter.com/WantToDieOnMars/status/1231769476430848000 …
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This chart makes the point rather bluntly: many Chinese firms only have a quarter's worth of cash before bankruptcy. With more cases of
#COVID19 coming up every day, will Chinese credit markets hold up?pic.twitter.com/cGZa8YdEWw
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Spooky scarypic.twitter.com/fWOnvzgnxs
7:53 PM - 23 Feb 2020
from Manhattan, NY
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