China regulation of crypto crushes the market. And with the Colonial Pipeline attack highlighting the role of crypto in ransonware, further regulatory risk will hang over the market. As a $2T market, crypto can’t be dismissed, but those who think crypto is the best hedge against fiat currencies may have second thoughts. And as I’ve …
US intelligence concensus adds more nuance of China’s role in the Covid19 outbreak. Far from being a top down Beijing controlled conspiracy of silence, it was in fact local officials shielding information from Beijing Local Officials in China Hid Coronavirus Dangers From Beijing, U.S. Agencies Find https://nyti.ms/2EbxVnr
Heavy Debt Humbles China’s Business Champions, Including the Jewelry Queen https://www.wsj.com/articles/heavy-debt-begins-to-crush-chinas-corporate-giants-including-the-jewelry-queen-11562597217
China’s middle class hit by shadow banking defaults The tip of the spear. https://www.ft.com/content/c55901f0-ff7d-11e8-aebf-99e208d3e521 via @FT