Loading ...Financial crisis study
Interesting work, in depth study of financial markets and depth levels/valuation worldwide
http://pull.db-gmresearch.com/p/28865-356E/54008403/LT_Study.pdf
China is definitively at risk I believe as China never cleaned up its banking sector and/or shadow banking system. The same can be said of Europe and the US or Japan, but China is the ultimate buyer of all commodities and can have a more devastating impact if a shock would happen.
Therefore going into 2019-2020, I will remain very cautious on bullish commodity bets besides precious metals.
Devil’s advocate here… we’ve just seen bitcoin banned in China, who’s people were estimated to make up 80% of trading volume(even more at the peak). Bitcoin is still at the same price it was 2 months prior to the ban.