Monday Humor: China Will Bring In Moody’s, S&P To Make Bond Market Safer

If you read Heisenberg (either in these pages or elsewhere), you should be pretty well versed in China's recent trials and tribulations. The country has a tendency to move from crisis to crisis with remarkable rapidity as Beijing struggles to keep all of its many plates spinning. There was, for instance, the stock market crash in the summer of 2015, when hordes of newly-minted day traders (who had managed to drive Chinese equity prices through the ceiling on the back of lunatic margin debt)