Fourth Time’s The Charm: MSCI To Make “Bigly” Decision On China Shares
It’s watered down. But it’s still important.
It’s watered down. But it’s still important.
“While the pundit class can be wrong on a regular basis with no repercussions, for risk takers the P/L never lies.”
“The moment you doubt whether you can fly, you cease forever to be able to do it.”
Yesterday, we suggested that the most important question wasn’t whether the Fed would put a
First thing Wednesday morning, before the abysmal data deluge hit in the US and before
“This time may be different”…
Yeah, so this afternoon the Fed will almost surely hike and folks will be looking
Well, it was a quiet overnight session right up until around 2 a.m. EST when
“I am not sure if you should get long US Treasuries because the Chinese have indicated that they might buy some more. But I do know that you shouldn’t short world growth because China is about to implode.”
So on Sunday, in our week ahead preview, we noted that Thursday would bring a
Well, the Nikkei crossed 20,000 for the first time since 2015 overnight. And really, why
China’s latest efforts to push the yuan higher and stave off any (additional) capital flight
Admittedly, trying to decipher what the fuck is going on in China is a Herculean
Ok, so the overnight fireworks were largely confined to early Asian trading. As noted last
Something to ponder…
As you’re aware, some folks are talking about the yuan again. And that’s because last
“The latest reading is at the 81st percentile, which has preceded a EM carry sell-off in the next four weeks 58% of the time over the 10 year backtested period.”
“Flows into EM assets persists despite this sort of news that you’d think would have the opposite impact.”
“Yet the fact that the PBOC is getting more bang for its yuan doesn’t say anything about the productivity of the uses to which the money is put”…
“At such times, FX intervention will become necessary to close the gap between the market price and the fixing.”
Well, this was pretty easy to see coming. When Moody’s downgraded China for the first time
It’s all fun and games until someone gets downgraded. So last night, Moody’s handed China
Well, Cameron Crise is out with his latest daily missive and methinks he’s falling into
We’ve said for quite some time now that it probably isn’t entirely rational to think that
China’s labyrinthine shadow banking complex has been a source of concern for years. It’s always
“I find it funny how with all this printing, market participants are surprised when the price of assets rise.”
If you struggle mightily when it comes to understanding exactly what the fuck is going on in China’s financial system, you’ll be forgiven because after all, it looks like this…
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