This entry was posted on July 7, 2015 at 2:09 pm and is filed under CNBC. You can follow any responses to this entry through the RSS 2.0 feed.
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7 Responses to “Notes From Underground: Santelli Exchange — Debt & Global Bond Markets”
Green–as usual you stole tonight’s piece—there has been massive Chinese liquidation,and I BELIEVE much of it has come from the shadow banks in China as the collateral has eroded and forced short hedging or actual selling of the underlying—this is the ultimate concept of positive and adverse feedback loops that play havoc with global credit markets—the impact of Lehman was not the net amount involved but the use of collateral that exploded as prices went up and imploded when the collateral was called and buyers for the assets were not to be found