Tags » Yuan
China’s economy is being held hostage.
The “zombie” companies the Chinese government is supposed to be reforming have hijacked the government’s economic policy, and the dangerous bubble forming inside the country stands to grow until this hostage situation has ended. 828 more words
Trying to hold water with palms is bounded to fail. WSJ reported that PBOC was forced to backtrack from freeing the yuan. Major mistake. Remind me of the Swiss Franc peg to the Euro that finally gave way to market forces and caused major damages to households and corporations who borrowed the Franc based on misguided stability. 16 more words
Treasury yields rose and prices fell sharply after release of minutes from the Fed’s latest monetary policy meeting. The April minutes reveal that policy makers see a June interest-rate hike as appropriate if labor markets and economic growth continue to strengthen. 60 more words