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But we saved everything 🙂.
Mike Shedlock, author / blogger at MishTalk, raises the question of where Iran's frozen assets are held and how much is involved.
He points to estimates that indicate the largest portion of these assets is locked up in China.
Shedlock has regularly tracked major financial shifts in recent posts. He recently highlighted record auto delinquencies and near-record credit card stress, describing consumer credit risk as comparable to Great Recession levels. In another update, he noted that Bitcoin remains in a downward trend with little change since March. These observations provide context for his focus on international asset flows.