This is 100 percent true..

…ber, during financial panics, it’s not actual solvency that matters but the perception of solvency. When everyone (banks especially) doubts the solvency of everyone else, liquidity vanishes and bills and interest are no longer paid, triggering bankruptcies.
Chinese Junk Debt Is Imploding
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Tony Yiu
Adebayo Adeniran
·Follow
Oct 26, 2022
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This is 100 percent true..
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Written by Adebayo Adeniran8.1K Followers
·786 Following
A lifelong bibliophile, who seeks to unleash his energy on as many subjects as possible
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