China’s Shadow Banks May Face $40 Billion In Property Losses
“Why doesn’t the company pay us back?” wondered an irritable investor in a trust product
“Why doesn’t the company pay us back?” wondered an irritable investor in a trust product
While previewing the release of key activity data for the Chinese economy, I not-so-gently suggested
Let’s be clear: All forecasts for the trajectory of Fed funds are guesses. Anything can
An opaque Chinese conglomerate with a trillion yuan in assets spread across everything from real
China will release key monthly activity figures this week. The news won’t be good, and
The “US dollar exceptionalism” narrative comes in many flavors, just like its political counterpart, “American
As is often the case during the summer months, the price action is dictating the
This week’s most important market story was doubtlessly the dollar, which fell the most in
Needless to say, Wednesday’s US inflation figures pulled the rug out for the dollar. This
Xi Jinping may be done bleeding China’s largest tech firms (for now), but a purported
Not surprisingly, Janet Yellen’s high-profile trip to Beijing was long on nebulous soundbites and short
The Chinese recovery narrative, easily among the worst macro calls of 2023 so far, was
While editorializing around reports that top Chinese policymakers are mulling new stimulus measures to bolster
China stimulus rumblings were louder on Tuesday. The PBoC telegraphed an MLF cut later this
“The reopening trade is over,” Credit Agricole’s co-head of trading for AsiaPac said Wednesday. He
It almost feel gratuitous to pound the table on China’s disappointing economic rebound and attendant
This was supposed to be China’s year. You can probably recite the investment case from
“Is that ready?” It was 4:45 AM, or thereabouts. Kazakhstan had floated the tenge, and
It’s not just your imagination, even if the narrative is (mostly) imaginary: De-dollarization is a
“We have interests in building a new geopolitics so that we can change world governance,”
I’ll confess to being a bit vexed by the idea that the US is expected
OPEC+ managed to engineer a modest spike in crude prices after blindsiding markets with a
In a potentially pivotal development, Saudi Arabia and Iran reached a provisional agreement to resume
March is a “high risk” month for US equities. That’s according to Morgan Stanley’s Mike
Wang Yi got his meeting with Vladimir Putin on Wednesday. Or perhaps it’s more accurate
Whenever the “petroyuan” comes up (which is quite often these days), I’m always keen to
Much has been made recently of the apparent disparity between layoffs in the tech sector
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