Let’s get right to it. Early last month – I wrote an article highlighting the U.S. dollar shortage that’s plagued corporate China (leading to record defaults on dollar-debts). And that I believed it would soon spread into the already fragile Chinese banking system. The thesis was – since most of these Chinese banks guaranteed corporate dollar-loans. Then the record surge in corporate defaults would directly affect Chinese banks – damaging their balance sheets. Makes sense – right? Well – since then – we’ve seen China’s banking sector reach a ‘tipping-point’. . . Just two weeks ago – news broke that Chinese regulators ... (full story)