Forget The Fed: These Are Wednesday’s Most Important Numbers

First thing Wednesday morning, before the abysmal data deluge hit in the US and before all eyes turned to a certain "diminutive woman with a pixie haircut," we made you a promise. Specifically, we promised we'd get back to you with more details on what is perhaps the most important data the market got all day: TSF and new RMB loans out of China. As a reminder, China is all that matters when it comes to the global credit impulse. As Citi's Matt King put it earlier this year, "everything is made