Lots of China Economic Chatter the Past Couple of Weeks on MSM: Is Todays Event Part of Collapse?Submitted by Michaelwiseguy on Thu, 06/20/2013 - 03:27
Complete and Total Worldwide Economic Collapse is a 100% Guaranteed Mathematical Certainty. How and when it starts is the question. Perhaps this is an indication.
China Interbank Market Freezes As Overnight Repo Explodes To 25%
"It seems liquidity (or counterparty mistrust) is beginning to reach extreme levels in China as the nation's banking system is now quoting overnight repo transactions at 25%. The explosion in funding costs echoes the collapse in trust (and surge in TED spread) among US banks in the run-up to the Lehman bankruptcy. MSCI Asia-Pac stocks are down over 3% with China's Shanghai Composite -2.5% at seven-month lows.
•China’s 1-day Repo Rate Climbs to Highest Since at Least 2006
•MNI - CHINA OVERNIGHT REPO FIXING AT RECORD HIGH
China's bond market is also collapsing:
Yield on 3.1% govt bonds due January 2016 jumps 39 bps to 3.749%, biggest rise since notes were issued in January
China this week..."