by Mish Shedlock, Mish Talk: Local Government Funding Vehicles are offering very high interest rates to fund infrastructure. The interest rates are not sustainable. Tweet Thread by Michael Pettis TRUTH LIVES on at https://sgtreport.tv/ 1/6 Very good article on a very worrying (but predictable) trend: “LGFVs are finding it difficult to borrow from banks and institutional […]
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