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Chart Check (A Snapshot Of Chinese/ Saudi Reserve Liquidation)
Much has been made of the great FX reserve liquidation that's characterized the post-yuan devaluation investment landscape.
Of course in reality, the selling of US (and other core) paper began when the petrodollar met its demise in November of 2014. As oil prices collapsed, it became clear that the "great accumulation" was likely over.
But the market operates on a time lag, so it wasn't until the end of August 2015 (after a veritable stock market crash on the morning of the 24th) that the worl
