“This Does Not Bode Well”: One Bank Warns “The Chinese Monetary Put Is In Reverse”

As noted earlier, at least former FX trader thinks the narrative about China's tightening efforts and ongoing struggle to rein in leverage and risk-taking is "all nonsense." At least where that's being viewed as some kind of policy mistake or deliberate attempt to tank the economy and disrupt the commodities complex. Here's the quote: Markets have been in an absolute tizzy over the China/commodity nexus. China is tightening. How can they justify this when the Shanghai composite is falling? They