“Yet at the same time as these headlines appear daily, our interactions with investors regarding EM continue to resemble pushing the boulder up a hill. Sadly, the boulder does not have wheels on it, and the hill is a mighty steep one.”
Specifically, it makes you think this: how long until the rest of the word wakes up to the Chinese reality, because the last two times there was “big trouble in little China,” the contagion spread quickly (and viciously).
Ok, so it’s Friday. And before you get too excited about that, remember that all
“Chinese rates (including interbank rates) have been climbing through much of Q4 last year and early 2017, but these fears have grown more acute as commodity prices have moved sharply lower and China’s PMI has declined.”
Any questions?
So last week, I put you on “contagion alert” amid the chaos in commodities. I’m not
So, we’ve talked plenty of late about “big trouble in little China.” (Very) long story,
“Bears, not just bond bears, beware. There remains an exorbitant amount of liquidity in the system chasing financial assets.”
Remember China? It’s a big country that’s somewhere near Sweden I think. No but seriously,
Time was, you couldn’t trust the SHCOMP (let alone the Shenzhen) not to open limit-down or,
“Credit supply restraint isn’t showing up in the numbers,” said George Magnus, an associate at the University of Oxford China Centre and former senior adviser for UBS Group AG. “Credit creation is still running way too fast.”
“Why would I call China a currency manipulator when they are working with us on North Korea?”
As tipped by… well, by Donald Trump himself, the Treasury department refrained from labeling China a
Well needless to say, Donald Trump’s comments in the Wall Street Journal (which hit at
So as the market frets day and night about the pace at which the Fed will shrink its balance sheet, Bloomberg’s Cameron Crise is out with a reminder that in reality, we’ve already seen this movie. And if the first screening was any indication, this may be “much ado about nothing.”
“The initial embrace of populism has gained traction based largely on a belief that political disruption, as a mode of change, deserves the same status that creative destruction used to have in the post industrial era with resulting political entropy becoming one of the main sources of market volatility.”
“This was inevitable at some point. Removing market- supportive measures is a good indication that the recovery in the U.S. is on track.” Whatever you say…
Some folks missed some payments. In the wake of the PBoC’s move to implement a
” We take the contrary position and believe that a big devaluation might turn out instead be the final straw on the camel’s back of China’s credit bubble, leading to an even greater crisis.”
“Depending on the interplay of politics and policy — degree of political resolve and the Fed actions — we could see two distinct paths of resolution of the existing tensions in the mid- or long-run. “
“In fact, for the United States, the dollar as the reserve currency of the biggest dividend, is the world can “cut leek” or cut wool. The US economy to weather the storm, the Fed will raise interest rates, a huge siphon effect to the dollar back, which is the first round of cutting cash, the US economy to weather, Second round cut wool.”
It was a fairly lively overnight session on the heels of the Fed. We start
Wednesday begins in China, where we got highly anticipated trade data that probably shouldn’t have
It was a relatively quiet overnight session on the news front, although you wouldn’t know
It’s all quiet on the Western and Eastern fronts as the market sits in suspended
Well, we start in FX land on Monday morning and as has become the norm
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