The Dollar Squeeze Heads to China

Last year, we told you Evergrande was dead.

A year later, the entire Chinese property sector is on the ropes, with bonds now pricing in $1Tr+ of losses against <$500bn of mkt cap.

Here’s why this matters and why this is bullish for dollars and gold.

We can say the sector is dead by looking at the bond market. 

Currently, around half of the sector is trading…