What’S A ‘Gray Rhino’ And Why Did It Purpose Chinese Stocks To Drop?

Don’t feel bad if you’ve never heard of a “gray rhino.
” The term wasn’t used much before a 2016 book by Michele Wucker titled “The Gray Rhino: How to Recognize and Act on the Obvious Dangers We Ignore.
Investors fear that the newspaper’s warning, combined with recent speeches from China’s leaders, signals a coming crackdown on risky assets like tiny stocks, many of which are purchased using debt.
Still, many investors recall the crash in Chinese stocks in 2015, which rippled across the globe, including onto Wall Street.
In China, the focus appears to be on market bubbles.

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