Weekly Commentary: Huarong And Chinese Banking

New data this week confirm the “global government finance Bubble” is alive and unwell. In the past, a $660 billion U.S. federal deficit over the course of a year would have been concerning. In today’s crazy world, it’s accomplished in a single month. March’s shortfall compares to the $119 billion deficit posted in March 2020. Last month pushed the deficit for the first-half of the fiscal year to a frightful $1.71 TN.

aerial view of city

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Disclosure: Doug Noland is not a financial advisor nor is he providing investment services. This blog does not provide investment advice and Doug Noland's comments are an expression of opinion ...

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