With the world pre-occupied on the U.S. yield curve – which is flat and already heavily inverted – many are overlooking problems from the world’s third largest bond market. . . I’m talking about China. The Chinese economy has for a long-time used debt, currency manipulation, and shady banking practices to kick the can down the road. But with the recent economic growth slowdown and on shore bond defaults – things are looking dire. Especially as global growth as a whole stalls. As of now: short-term borrowing costs are too low – spurring a stock bubble. And long-term rates are too high – thanks to soaring government ... (full story)