singular_me
22nd June 2013, 02:51 PM
btw: I was waiting for that one about china
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Dive! Take cover! Or, at least, hold on to your pants in the scramble. The Chinese bubble has just burst. It looks like the world is going to have egg on its face and elsewhere as Chinese banks are scrambling to get the hands on cash.
Chinese cash rates didn’t just increase they shot through the roof today, Friday June 21st. This is not hyperbole. This is not exaggeration. They reached 25% when they were at their peak, and the only thing that calmed them down was the talk of a possible cash injection from the Chinese central bank. Rates dropped to 10%.
http://www.youtube.com/watch?feature=player_embedded&v=HxMj4F0My2g
http://beforeitsnews.com/economy/2013/06/chinese-banks-go-bust-as-bubble-bursts-2531220.html?utm_term=http%3A%2F%2Fb4in.info%2Fd8L L&utm_source=direct-b4in.info&utm_medium=verticalresponse&utm_campaign=&utm_content=beforeit39snews-verticalresponse
----------------
Dive! Take cover! Or, at least, hold on to your pants in the scramble. The Chinese bubble has just burst. It looks like the world is going to have egg on its face and elsewhere as Chinese banks are scrambling to get the hands on cash.
Chinese cash rates didn’t just increase they shot through the roof today, Friday June 21st. This is not hyperbole. This is not exaggeration. They reached 25% when they were at their peak, and the only thing that calmed them down was the talk of a possible cash injection from the Chinese central bank. Rates dropped to 10%.
http://www.youtube.com/watch?feature=player_embedded&v=HxMj4F0My2g
http://beforeitsnews.com/economy/2013/06/chinese-banks-go-bust-as-bubble-bursts-2531220.html?utm_term=http%3A%2F%2Fb4in.info%2Fd8L L&utm_source=direct-b4in.info&utm_medium=verticalresponse&utm_campaign=&utm_content=beforeit39snews-verticalresponse