A tempestade financeira dirige-se para os BRICS e não só: Brasil, China, África do Sul, Turquia, Venezuela, Argentina...
ZH: A default that encourages lenders to price in risk would be a positive development and the CEG#1 was an ideal product to 'fail' with its 11% yield and clear idiosyncratic company problems. However, regulators won't have to wait long for a second chance as JPM warns "There will be a default in China’s shadow banking industry this year as economic growth momentum slows."
