Silver Report Uncut
May 31, 2021
China’s top banking regulator said he’s “very worried” about risks emerging from bubbles in global financial markets. Liang Tao, vice chairman of China Banking and Insurance Regulatory Commission, said at the International Finance Forum in Beijing that recent interest rate hikes by emerging economies could lead to a bursting of global financial asset bubbles which have been made even bigger by unprecedented easing measures by developed countries. Tao added that developed countries are sticking with ultra-low rates even as emerging economies raised their borrowing costs, “potentially resulting in the re-pricing of global assets.”
What’s worse is He encouraged emerging economies to embrace their more controlled economic measures in defense of the excess money printing. The value of the dollar is of critical importance to many emerging markets and the fact the larger developed nations are in a race to the bottom doesn’t fair well for the nations currently tightening interest rates to stave of currency issues. They also risk the economic effects of a global repricing of assets like commodities for example.
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