Zhongzhi, One of the largest “shadow banks” in China, has filed for bankruptcy after taking tens of billions of dollars worth of losses in the property sector. The fallout and potential contagion risk from this failure cannot be known as the sector is largely unregulated and off-balance sheet. Elsewhere the US economy added 216,000 jobs in the month of December, causing investors to rethink their baseline case for a half dozen rate cuts in 2024. Support the Channel on Patreon: https:// Support the Channel by Buying Me a Coffee https:// Support the Channel with Melon Merch by TeeSpring: https://nobody-special-finance.creator-spring.com/ Join My Discord for More Discussion, Q&A, and News: https://discord.gg/njvf3DPPrF
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