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Podcast: The Dividend Cafe
Episode: The DC Today - Wednesday, August 16, 2023
Description: Today's Post - https://bahnsen.co/3EicX1X
Following yesterday’s dismal economic data out in China and the largest rate cut there in 3 years (mind you, we are only talking about 15 bps), there was some add-on stress revealed in the real estate and financial markets today. One of China’s larger wealth management and shadow banking firms, with over $138B in assets, missed some repayments on some of its investments and is under review.
It is too early to tell if more financial contagion will occur definitively, and of course, you have a government ther...