Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
zerohedge.com / by Tyler Durden / 01/15/2016 08:21 -0500
In the latest Chinese domestic financing report released by the PBOC last night, there were two divergent themes: on one hand bank loans grew far less than the expected 700Bn yuan, and at 598Bn this was the second lowest monthly increase in the past year, only higher than October’s 514bn; on the other hand total social financing soared to 1.82 trillion yuan, smashing forecasts of a 1.15 trillion increase, and the highest since June.
As noted last night, this may have been the catalyst that spooked the markets, because as Bloomberg confirms, “the data shows companies are turning to alternative sources for credit given banks’ reluctance to lend.”
The post China Bank Lending Slows Dramatically, Confirming Concerns About Soaring Bad Loans appeared first on Silver For The People.
Thanks to BrotherJohnF