Q&A #71
Where did China’s LGFV problem come from? Is there a systemic risk from there? Why do banks engage in window dressing? Is there more than seasonality? Should we look at Enron for clues about China’s banking crisis? How useful are T-account diagrams of individual transactions? US regional bank failures, China’s increasingly dangerous real estate situation, why haven’t we had a 2008-level global meltdown? Is it time to Let It Flow?
