Euro Surges On Draghi’s “Three Messages,” Dollar Eyes Janet, Yuan “Suddenly” Jumps
Boy, I’ll tell you what, if you’re a central banker and you’re going to say something in public about monetaryContinue Reading
Category: renminbi
Bad Chinese
By now, you’re probably aware that China is in a tough spot. As I’m fond of saying, Beijing is tryingContinue Reading
Daily Kickstart (Chinese FX Reserves Fall Below $3 Trillion, Euro On The Back Foot, Senate Weighs Risk Of School Grizzly Attacks)
The “big” news overnight should have been Chinese FX reserves just like China should be back in the global spotlight moreContinue Reading
Big Trouble In Little China
Given that today is Donald Trump’s coronation, it’s somewhat ironic that we begin in China, where the Politburo was kind enough to tell us what they want us to think GDP is.
China’s Nasdaq Crashes
The normalization of initial public offerings (IPOs) in China could help raise the financing efficiency of companies and direct moreContinue Reading
Chart Check (Let’s All Move To Hong Kong)
Are you a Chinese citizen who wants to circumvent Beijing’s increasingly onerous capital controls on the way to protecting yourself fromContinue Reading
It’s A “Clearly Artificial Regime”: No Love For The PBoC
Last week, we witnessed a truly epic short squeeze in Hong Kong. Soaring deposit rates, dramatic spikes in CNH HIBOR, andContinue Reading
Tuesday Chart Check (Bitcoin Edition)
Sure, many Chinese citizens are so desperate to move money out of the country that they’re willing to risk dealing withContinue Reading
Tuesday Chart Check (Squeeze Please Edition)
Shaking out the shorts…
Daily Kickstart (Currency Chaos Edition)
The pound gets pounded while the RMB remains volatile. The offshore yuan posted its largest two-day decline since last summer.
Albert Edwards Wants To Know Why No One Gives A Sh*t About China Anymore
“Global markets really couldn’t seem to give a toss about events in China. Yet they should.”
These Are The Two Main “Risk Scenarios” For Markets
There are a lot of things you can say about Heisenberg, but one thing you can’t say is that IContinue Reading