China Says "Stuff It": The Sequel

I emailed Janet Tavakoli and asked her what she thought about the announcement by the Chinese government that they were going to allow State Owned Enterprises to default on commodity derivative trades.

Not surprisingly, Janet was way ahead of the story. She reminded me that this wasn't the first derivative default by the Chineese and pointed me to what she wrote way back in January...

EPJ: China Says "Stuff It": The Sequel