The 6.4 Dividing Line for the PBOC
The RMB market has been strained the past two weeks as the RMB moved higher against the USD due to the USD fall. This has been exacerbated by a...
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Chart of the Day: Cool Hand Xi?
As Paul Newman famously quipped after bluffing his way to success in a poker game in the classic movie Cool Hand Luke, 'sometimes nothing is a...
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PBOC Changes RMB "Countercyclical" Factor
Yesterday the PBOC announced that it was eliminating the so called “countercyclical factor” and asking banks to adjust their reporting. We believe...
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Chinese Interest Rates and the Fed
Chinese money markets have been surging across the yield curve even as the PBOC has been easing liquidity through increased open market...
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The Market Sentimentalist – China Worries
SummaryA lot of smart investors worry that China is a gigantic bubble in search of a pin. It is not hard to see why. China’s economic growth...
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