In China: Car Trouble And Plunging Bank Shares
Bad news to close the week, as mainland shares nurse a five-day losing streak.
Bad news to close the week, as mainland shares nurse a five-day losing streak.
“As globalization deepens, the practices of law of the jungle and winner take all are a dead end.”
Now that’s what I call a rally.
Maybe this isn’t “the big one” after all.
Grab a parachute.
Suffice to say China’s ongoing efforts to jawbone markets higher fell on deaf ears Tuesday.Â
Let’s hope this lasts, because if 2015 is any guide…
Is this enough to make Tuesday’s rally sustainable?
Further off the rails…
De-dollarization anyone?
The policy divergence between the Fed and the PBoC just got wider.Â
“It should be fine”…
More falling knives.
Donald Trump is a man who knows an “exciting” plan when he hears one…
So what about the September Momentum rally and the idea that hedge funds will keep “grabbing” for exposure?
Bad news, sports fans.
That “sucks.”
“The U.S. is playing a carrot-and-stick tactic on China, but this approach is not going to work.”
Save us, Steve Mnuchin!
“Things are getting quite exciting.”
“…policymakers believe some yuan depreciation is okay, but they don’t want to see it falling below 6.9.”
“…we’re paying close attention to that.”
So yeah, this is some reasonably harrowing shit – to the extent it makes sense to use “reasonably” with “harrowing.”Â
“I can’t feel my face.”
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