The chart of the week is courtesy Bloomberg and shows the maniacal credit boom in china. The credit to GDP ratio in China has breached historical levels and has entered into dangerous territory eclipsing levels seen before recent busts in 2008 and 2015. Another hard landing looks certain:
Real Madrid Legend Figo Calls For FC Barcelona To Be Punished And Advises
Mbappe
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Real Madrid legend Luis Figo gave expected Los Blancos star Kylian Mbappe
advice and called for his former club FC Barcelona to be punished.
8 minutes ago