The Next "Lehman Moment" - Will China Try To Create A Dangerous Diversion?
Authored by James Rickards via DailyReckoning.com,
The happy talk out of Wall Street would have you believe that the Evergrande financial collapse in China is under control and that responsible parties have taken steps to avoid a “Lehman moment” in Chinese capital markets.
Almost everything about that narrative is factually wrong. It’s Wall Street happy talk at its finest, assuring investors that things...